Robinhood Expands Credit Facility to $3.25B, Approves $1.5B Share Repurchase Program

Robinhood has expanded its credit facility to $3.25B and approved a $1.5B share repurchase program. The credit facility can expand to $4.875B under certain conditions. The amended credit agreement was signed by Robinhood Securities, a subsidiary of Robinhood Markets (HOOD). The new share repurchase program aims to repurchase up to $1.5B of its outstanding shares.