Playtika Holding Corp. 8-K

What Happened

• Playtika Holding Corp. announced on Feb 16, 2026 that it entered into an Incremental Assumption Agreement No. 4 and Fifth Amendment to its Credit Agreement. The amendment will refinance the company’s existing $550 million revolving credit facility with a new $550 million revolving credit facility effective March 11, 2026 (subject to conditions). The New Revolving Credit Facility will mature on March 6, 2027 and otherwise retains the same material terms as the prior revolver.

Key Details

• Amendment date: February 16, 2026; effectiveness date (subject to conditions): March 11, 2026.
• New revolver size: $550 million; new maturity date: March 6, 2027.
• Interest rate options: (a) Term SOFR (floor 0.00%) + margin of 3.00% for Term SOFR loans; or (b) base rate (highest of fed funds +0.50%, prime, or 1‑month Term SOFR +1.00%) + margin of 2.00% for base-rate loans.
• Fee structure: Quarterly commitment fee of 0.50% on unused commitments, with two possible 0.125% step‑downs; interest margin also subject to up to three 0.25% step‑downs tied to first‑lien net leverage ratio.
• Administrative agent: Bank of America, N.A. (successor in interest to UBS AG / Credit Suisse branch).

Why It Matters

• This amendment creates a near‑term refinancing of Playtika’s principal revolving credit facility and establishes a new maturity (Mar 6, 2027), affecting the company’s short‑term financing and liquidity profile.
• The pricing (SOFR/base-rate margins and unused-commitment fees) determines the ongoing cost of borrowing and undrawn capacity; step‑downs provide potential cost relief if leverage improves.
• Investors should note the facility size remains $550M (no reduction), but the relatively short new maturity means Playtika may need to refinance again or address the revolver when it comes due.

Exhibit 10.1 to the 8‑K attaches the full Fifth Amendment for further detail.