Mogo Announces Three-Year Extension to Credit Facility with Fortress Investment Group [Yahoo! Finance]
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Yahoo! Finance
VANCOUVER, British Columbia, February 28, 2025 BUSINESS WIRE Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital wealth and payments business, today announced an amendment to its existing senior credit facility ("Credit Facility") with funds managed by affiliates of Fortress Investment Group LLC ("Fortress"). This Credit Facility supports Mogo's digital credit solution. The amended facility extends the maturity date by three years, until January 2, 2029, reduces the interest rate by 100 basis points, and increases the available capital from $60.0 million to $100.0 million in certain circumstances. "With this amended facility, we lower our cost of capital while also increasing our financial flexibility and access to capital t
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