eBay Inc.
eBay Inc. Enters into a New $2.0 Billion Credit Agreement
Summary
On January 25, 2024, eBay Inc. entered into a new $2.0 billion five-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent, replacing its prior credit agreement dated March 6, 2020. The new Credit Agreement allows for up to an additional $1.0 billion in commitments and includes a covenant limiting the Company's consolidated leverage ratio to not more than 4.0:1.0, with a step-up to 4.5:1.0 post a qualified material acquisition.
Profitelligence Alerts
Get alerts for EBAY
Be first to know when eBay Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About eBay Inc.
eBay Inc. operates as a global e-commerce platform, offering a vast marketplace for buyers and sellers to trade a diverse array of goods and services. Established in 1995 and headquartered in San Jose, California, eBay facilitates consumer-to-consumer and business-to-consumer sales through its website. The platform's auction-style sales and Buy It Now options provide flexible purchasing methods for consumers across various product categories, including electronics, fashion, collectibles, home, and garden. eBay's business model is bolstered by its payment service and advertising opportunities, which enhance user experience and engagement. Operating on a global scale, eBay caters to an international audience, supporting multiple languages and currencies to expand its market reach. As a pioneer in online commerce, eBay continues to play a significant role in shaping the digital marketplace, providing a dynamic environment for cross-border trade and fostering small and medium-sized enterprise growth. Its influence spans numerous sectors, impacting retailers, local artisans, and multinational brands alike, making it a cornerstone in the e-commerce landscape.
Official SEC Documents
Advertisement