MoneyLion Announces Successful Completion of Senior Debt Refinancing
MoneyLion Inc. Class A (ML)
Company Research
Source: Business Wire
Refinancing Existing Debt Significantly Lowers Cost of Capital by Approximately 550 Basis Points and Extends Maturity to 2029 NEW YORK--(BUSINESS WIRE)--MoneyLion Inc. (“MoneyLion” or the “Company”) (NYSE: ML), a digital ecosystem for consumer finance that empowers everyone to make their best financial decisions, today announced that it has successfully closed a $70 million loan facility with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (“SVB”), to refinance MoneyLion’s existing senior debt and lower its cost of capital. Although MoneyLion’s existing senior debt was not set to mature until 2026, the Company’s strong financial standing created an opportunity to secure refinancing on substantially improved terms through a premier banking partner.Summary of the new credit agreement with SVB:$70.0 million aggregate principal amount of term loans (the “Initial Term Loans”), which were drawn today; andProceeds of the Initial Term Loans were used to repay in full
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- MoneyLion to Participate in the UBS Global Technology and AI ConferenceBusiness Wire
- MoneyLion Inc. (NYSE: ML) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.MarketBeat
ML
Earnings
- 11/7/24 - Miss
ML
Sec Filings
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- 11/29/24 - Form 144
- ML's page on the SEC website