Mogo Inc. announced an amendment to its senior credit facility with funds managed by affiliates of Fortress Investment Group LLC. This amendment extends the maturity date of the facility by three years.
The credit facility's new maturity date is January 2, 2029, providing Mogo with extended financial stability. This extension supports the company's digital credit solution operations.
Additionally, the interest rate on the credit facility has been reduced by 100 basis points. This reduction in borrowing costs is expected to positively impact Mogo's financial performance.
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