Gambling.com Group Limited announced an amendment to its existing credit facility with Wells Fargo Bank, National Association. This amendment significantly expands the company's total available credit and extends its maturity date.
The credit facility has been increased from $100 million to $165 million, providing Gambling.com Group with enhanced financial headroom. This expansion was secured with a new syndicate of six lenders, reflecting confidence in the company's financial health and growth prospects.
This increased flexibility is intended to support the company's strategic capital deployment, including the pursuit of additional strategic acquisitions when suitable opportunities arise. It also allows for further optimization of the company's capital structure, aiming to maximize shareholder value.
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