Brief: Mogo Expands Credit Facility And Lowers Interest Rate
17/12/2021 12:35
Dec 17 (Reuters) - Mogo Inc MOGO.TO :
* MOGO EXPANDS CREDIT FACILITY AND LOWERS INTEREST RATE
* MOGO INC- AMENDMENTS LOWER EFFECTIVE INTEREST RATE FROM A
MAXIMUM OF 9% PLUS LIBOR WITH A LIBOR FLOOR OF 1.5%, TO 8% PLUS
LIBOR WITH NO FLOOR
* MOGO- AMENDMENT INCREASES AVAILABLE LOAN CAPITAL FROM $50
MILLION TO $60 MILLION AND EXTENDS MATURITY DATE BY THREE YEARS
FROM JULY 2, 2022 TO JULY 2, 2025
Source text for Eikon: ID:nBw2RpcKNa
Further company coverage: MOGO.TO
((Reuters.Briefs@thomsonreuters.com;))