Raketech signs revolving credit facility with Bank of Valletta

iGaming efficiency advertising and marketing accomplice Raketech Group Holding Plc (NASDAQ: RAKE) is happy to announce that it has signed a revolving credit score facility (RCF) with Financial institution of Valletta, Malta’s largest financial institution One, partly owned by the Maltese authorities. This strategic transfer will improve the corporate’s monetary flexibility and help its progress plans. The present credit score facility with Avida Finans AB will proceed to run in parallel till December 2024.

New RCF particulars:

• credit: 5 million euros
• rate of interest: When used, it’s 4.5% increased than the financial institution’s inner variable price (at present 2.15%).

“This credit score facility displays Raketech’s robust monetary place and the belief our banking companions have in our enterprise mannequin and future progress plans. We’ve been working with Financial institution of Valletta for the previous ten years and we’re delighted to have the ability to increase this partnership and discover additional progress alternatives with them,” stated Johan Svensson, CEO of Raketech.

For extra info, please contact:

traders@raketech.com

About Raycus Know-how Group

Raketech is a number one on-line affiliate and content material advertising and marketing firm with experience as compared providers for sports activities and video games, on-line guides, social and social media merchandise. Raketech offers the absolute best service to sports activities and gaming fanatics whereas additionally delivering high-quality visitors and results in its companions. Raketech has grown by way of natural progress and acquisitions and operates its enterprise in accordance with a transparent framework of accountable affiliate marketing online providers. The corporate’s shares are listed on the Nasdaq First Northern Prime Development Market below the image RAKE. Carnegie Funding Financial institution AB (publ) is the corporate’s licensed advisor. For extra info, please go to www.raketech.com.

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Raketech indicators revolving credit score facility with Financial institution of Valletta