Monitor future debt drawdowns and leverage ratio trends; while the facility enhances financial flexibility, actual impact depends on how the capital is deployed. No immediate earnings or valuation implications.
Price Chart
Executive Summary
The Trade Desk, Inc. amended and restated its revolving credit facility, increasing it to $750 million with a maturity date of April 14, 2031. The move strengthens liquidity and provides flexibility for future growth initiatives.
Key Financial Metrics
Key Facts
- The Trade Desk entered into an amended and restated loan and security agreement on April 14, 2026.
- The revolving credit facility is now $750.0 million, with options to increase by up to an additional $750.0 million subject to lender commitments.
- The facility matures on April 14, 2031, and is secured by substantially all of the company's assets.
- Interest rates are variable, based on either a Base Rate or term SOFR, with applicable margins tied to the company's net leverage ratio.
- The agreement includes a financial covenant requiring a maximum consolidated funded debt to EBITDA ratio of 3.50 to 1.00.
Financial Impact
$750 million credit facility with potential to expand to $1.5 billion
Risk Factors
- Increased leverage if the full facility is drawn
- Covenant restrictions could limit strategic or operational flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001671933-26-000038 |
| Document: 0001671933-26-000038-index-headers.html | 0001671933-26-000038 |
| Document: 0001671933-26-000038-index.html | 0001671933-26-000038 |
| Document: 0001671933-26-000038.txt | 0001671933-26-000038 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | 8-K | $14.43 $14.97 | ▲ +3.74% | ▲ +4.95% | $11.95 (−17.19%) |
Jul 13, 2026 11w ago | 8-K | $19.79 $18.59 | ▼ −6.06% | ▼ −5.28% | $11.95 (−39.62%) |
Jun 26, 2026 14w ago | Court Ruling | $18.37 $19.10 | ▲ +3.97% | ▲ +1.81% | $11.95 (−34.95%) |
Jun 9, 2026 16w ago | 8-K | $19.29 $18.96 | ▼ −1.71% | ▼ −5.14% | $11.95 (−38.05%) |
Jun 1, 2026 17w ago | 8-K | $21.08 $19.89 | ▼ −5.65% | ▼ −2.68% | $11.95 (−43.31%) |
May 8, 2026 21w ago | 8-K | $21.48 $22.24 | ▲ +3.54% | ▲ +3.62% | $11.95 (−44.37%) |
Apr 20, 2026 23w ago | 8-K | $23.18 $23.22 | ▲ +0.17% | ▼ −0.91% | $11.95 (−48.45%) |
Feb 28, 2026 30w ago | Institutional Cluster | $24.29 $28.55 | ▲ +17.54% | ▲ +18.75% | $11.95 (−50.80%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access