Remitly Global, Inc. filed a Form 8-K on October 30, 2026, disclosing that on October 26, 2026, it entered into Amendment No. 2 to its Credit Agreement, increasing its secured revolving credit facility from $550,000,000 to $1,000,000,000.

Key Highlights

  • Facility upsized: The secured revolving credit facility was increased from $550,000,000 to $1,000,000,000, according to the filing.
  • Letter of credit sub-facility doubled: The letter of credit sub-facility was increased from $200,000,000 to $400,000,000.
  • Agent identified: JPMorgan Chase Bank, N.A. serves as issuing bank, administrative agent, and collateral agent under the Credit Agreement.
  • Intended use of proceeds: The company disclosed it anticipates using proceeds "primarily to support prefunding of customer flows within Remitly's global remittance business and also for general corporate purposes."
  • Amendment date: Amendment No. 2 is dated October 26, 2026, amending the original Credit Agreement dated June 24, 2025.
  • Signed by CFO: The filing was signed by Vikas Mehta, Chief Financial Officer, on October 30, 2026.

Remitly Global Expands Credit Agreement Capacity with Amendment No. 2

According to the Form 8-K filed with the SEC on October 30, 2026, Remitly Global, Inc. (NASDAQ:RELY) entered into Amendment No. 2 to its Credit Agreement on October 26, 2026. The amendment was made among Remitly Global, its subsidiary Remitly, Inc. (together referred to as "Remitly" in the filing), the financial institutions party to the agreement as lenders, and JPMorgan Chase Bank, N.A. as issuing bank, administrative agent, and collateral agent.

The filing reports that the Amendment increased the aggregate amount of the secured revolving credit facility from $550,000,000 to $1,000,000,000, and increased the letter of credit sub-facility from $200,000,000 to $400,000,000. The underlying Credit Agreement was originally dated June 24, 2025, and the current modification represents the second amendment to that agreement.

The company disclosed that it "anticipates using the proceeds from the Facility primarily to support prefunding of customer flows within Remitly's global remittance business and also for general corporate purposes." The filing also notes that the description of the Amendment is a summary and is qualified in its entirety by the Amendment itself, filed as Exhibit 10.1 to the report. The filing triggers disclosure under both Item 1.01 (Entry Into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Agreement).

What Was Disclosed

Remitly Global filed an 8-K reporting Amendment No. 2 to its Credit Agreement, dated October 26, 2026, which doubled the secured revolving credit facility to $1,000,000,000 and doubled the letter of credit sub-facility to $400,000,000, with JPMorgan Chase Bank, N.A. as agent.