Remitly Global expands revolving credit line to $1B

Q: How large is RELY's secured revolving credit facility?

Remitly's secured revolving credit facility increased to $1,000,000,000 from $550,000,000 under the October 26, 2026 amendment.

Q: What is RELY's letter of credit sub-facility amount?

The letter of credit sub-facility increased to $400,000,000 from $200,000,000 under the amendment.

Remitly anticipates using proceeds primarily for customer-flow prefunding, with additional use for general corporate purposes.

Available on EDGAR 10/30/2026 - 04:10 PM EDT Accepted by SEC EDGAR 10/30/2026 - 04:10 PM EDT

Filing Impact

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Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY), together with Remitly, Inc., amended its credit agreement on October 26, 2026, increasing the secured revolving credit facility from $550,000,000 to $1,000,000,000. The amendment also increased the letter of credit sub-facility from $200,000,000 to $400,000,000. The agreement is with participating financial institutions, with JPMorgan Chase Bank, N.A. serving as issuing bank, administrative agent, and collateral agent. Remitly anticipates using proceeds primarily to support prefunding of customer flows in its global remittance business and also for general corporate purposes.

Filing Explained

The amendment sets the secured revolving facility at $1 billion, but reports no amount borrowed; the facility's size therefore does not establish $1 billion of new debt.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Secured revolving credit facility: $1,000,000,000 Secured revolving credit facility: $550,000,000 Letter of credit sub-facility: $400,000,000 +1 more

4 metrics

Secured revolving credit facility $1,000,000,000 Amount after the October 26, 2026 amendment

Secured revolving credit facility $550,000,000 Amount before the October 26, 2026 amendment

Letter of credit sub-facility $400,000,000 Amount after the October 26, 2026 amendment

Letter of credit sub-facility $200,000,000 Amount before the October 26, 2026 amendment

Key Terms

secured revolving credit facility, letter of credit sub-facility, prefunding

3 terms

secured revolving credit facility financial

"increase the aggregate amount of the secured revolving credit facility"

A secured revolving credit facility is a line of borrowing that a company can draw, repay and redraw up to an agreed limit, similar to a business credit card, with the loan backed by specific assets as collateral. It matters to investors because it provides flexible short-term cash when needed and affects a company’s financial strength and risk: having a secured revolver can lower borrowing costs but gives lenders claims on pledged assets if the company can’t repay.

letter of credit sub-facility financial

"increase the letter of credit sub-facility"

A letter of credit sub-facility is a portion of a broader loan or credit agreement that lets a borrower obtain bank-issued letters of credit without drawing on cash loans. Think of it as a reserved slice of a company's credit line that a bank can use to guarantee payments to third parties; it matters to investors because letters of credit create contingent liabilities and can reduce the borrower’s remaining borrowing capacity and financial flexibility.

prefunding financial

"support prefunding of customer flows"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is RELY's secured revolving credit facility?

Remitly's secured revolving credit facility increased to $1,000,000,000 from $550,000,000 under the October 26, 2026 amendment.

What is RELY's letter of credit sub-facility amount?

The letter of credit sub-facility increased to $400,000,000 from $200,000,000 under the amendment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 26, 2026

Remitly Global, Inc.

(Exact name of registrant as specified in its charter)


Delaware	001-40822	83-2301143
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

401 Union Street, Suite 1000

Seattle, WA 98101

(Address of Principal Executive Offices and Zip Code)

(888) 736-4859

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

RELY

The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry Into a Material Definitive Agreement.

On October 26, 2026, Remitly Global, Inc. (“Remitly Global”) entered into Amendment No. 2 (the “Amendment”) to the Credit Agreement (the “Credit Agreement”), among Remitly Global, Remitly, Inc. (“Remitly, Inc.” and, together with Remitly Global, collectively referred to as “Remitly”), the financial institutions party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as issuing bank, administrative agent, and collateral agent (the “Agent”). The Amendment amended the Credit Agreement to increase the aggregate amount of the secured revolving credit facility from $550,000,000 to $1,000,000,000 (the “Facility”) and to increase the letter of credit sub-facility from $200,000,000 to $400,000,000.

Remitly 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 description of the Amendment above is a summary and is qualified in its entirety by the Amendment, which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Agreement.

Please see Item 1.01 above, which information is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.			Description
10.1			Amendment No. 2, dated October 26, 2026, to Credit Agreement dated as of June 24, 2025, among Remitly Global, Inc., Remitly, Inc., the financial institutions party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
104			Cover page interactive data file (embedded with the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	Remitly Global, Inc.

Date: October 30, 2026	By:	/s/ Vikas Mehta
		Vikas Mehta
		Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 1.2 MB