Gambling.com Group Secures $50m Credit Facility
Date: 2024-03-21 Author: Dima Zakharov Categories: EVENTS
Gambling.com Group's New Credit Facility
Gambling.com Group recently closed a significant deal securing a $50 million credit facility, comprising both revolving and term loan facilities. The agreement was reached with Wells Fargo Bank, adding to the group's financial arsenal.
Financial Flexibility and Growth Prospects
The credit facility, set to mature in 2027, offers versatility for corporate needs and potential expansions. This financial maneuver is expected to assist in settling deferred considerations and exploring avenues for further growth.
Optimistic Outlook and Growth Initiatives
Elias Mark, the chief financial officer of Gambling.com Group, expressed confidence in the company's growth trajectory. Mark highlighted the track record of revenue, Adjusted EBITDA, and cash flow growth, indicating a positive outlook for shareholders.
Anticipation for 2023 Financial Results
The announcement coincides with Gambling.com Group's imminent release of its 2023 financial results. Previous reports have shown promising revenue figures, with a 19% increase in Q3 revenue compared to the previous year.
Continued Growth Momentum
Despite fluctuations in adjusted EBITDA in Q3, the company remains optimistic, projecting a 50% growth for 2023. Year-to-date figures showcase substantial growth, indicating a promising future for Gambling.com Group's financial performance.
