Bragg Gaming Group announced an agreement with its lenders to repay USD 5 million of its outstanding USD 7 million secured promissory note. This significant repayment reduces the company's immediate debt obligations. The move reflects Bragg's commitment to managing its financial liabilities effectively.
The maturity of the remaining USD 2 million of the note has been extended until June 6, 2025. This short-term extension provides the company with additional flexibility in its financial planning. It allows Bragg to continue its operations without immediate pressure from the full note repayment.
The company is actively in the process of securing a new revolving credit facility. This new facility is expected to provide ongoing working capital and support future growth initiatives. Bragg's proactive approach to financing aims to ensure robust liquidity for its strategic objectives.
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