TTD · 10-Q · 2026Q2 · Full report

Revolving Credit Facility

Trade Desk, Inc. · 2026-08-06 · Importance 89 · Surprise 82

On April 14, 2026, Trade Desk amended and restated its credit agreement, increasing the revolving facility to $750 million from the prior $450 million facility. The facility includes $100 million of letter-of-credit capacity and $75 million of swingline capacity, with potential expansion of up to an additional $750 million. The facility matures April 14, 2031, and had no outstanding debt as of June 30, 2026. Availability was $745 million after $5 million of outstanding letters of credit, and the company was compliant with all covenants.

Key facts

• Revolving Facility terms after April 14, 2026: $750 million revolving loan facility with a $100 million sublimit for letters of credit and a $75 million sublimit for swingline borrowings, with right to increase by up to $750 million subject to conditions. source
• As of June 30, 2026 availability under the Revolving Facility: $745 million, net of outstanding letters of credit of $5 million. source
• The Revolving Facility has a scheduled maturity of April 14, 2031. source
• As of June 30, 2026 there was no outstanding debt balance under the Revolving Facility. source