Robinhood Expands Credit Facility and Appoints New Board Member

Robinhood Markets, Inc. has amended its existing revolving credit agreement, increasing the total borrowing capacity from $2.25 billion to $2.65 billion, with a potential expansion to $3.975 billion. The updated agreement, entered into on March 21, 2025, with JPMorgan Chase Bank as administrative agent, features a 364-day term and tiered tranches backed by various RHS assets. Interest rates range from Daily Simple SOFR plus 0.10% to higher fixed spreads, depending on the tranche.

In governance updates, Robinhood appointed **John Hegeman** as an independent director, expanding the board to 10 members. Hegeman also joins the Safety, Risk and Regulatory Committee. His appointment was announced in a company blog post on March 25.

The company highlighted its ongoing use of its investor relations site and newsroom for important disclosures under Regulation FD.