Brief: Splitit Signs Variation To Deal For A US$150 Mln Facility With Goldman Sachs

Splitit

01/08/2022 02:49

Aug 1 (Reuters) - Splitit Ltd  SPT.AX :
    * HAS SIGNED A VARIATION TO ITS AGREEMENT FOR A US$150
MILLION
RECEIVABLES FUNDING FACILITY WITH GOLDMAN SACHS BANK USA
    * REVISED FACILITY TERMS ARE FORECAST TO SAVE COMPANY UP TO
$5.3M
ACROSS A 2-YEAR PERIOD
    * EXCLUSIVE OF GLOBAL MERCHANT EXPANSION SAVINGS, INTEREST
SAVINGS
WOULD STILL BE FORECAST TO BE UP TO $2.1M ACROSS A 2-YEAR PERIOD

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