Remitly Global increases secured revolving credit facility to $1 billion from $550 million
RELY•Remitly Global increased its secured revolving credit facility to $1 billion from $550 million on October 26, 2026, and doubled its letter of credit sub-facility to $400 million from $200 million.
1. Facility increased
Remitly Global increased its secured revolving credit facility to $1 billion from $550 million on October 26, 2026. The amendment doubled the letter of credit sub-facility to $400 million from $200 million.
2. Use of proceeds
JPMorgan Chase Bank serves as issuing bank, administrative agent and collateral agent. Facility proceeds are intended primarily to prefund customer flows in Remitly’s global remittance business, with additional use for general corporate purposes.
