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News: SPT Splitit Signs $150 MLN Receivables Warehouse Facility

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    05/02/21
    12:25
    Post #: 50736695

    Feb 5 (Reuters) - Splitit Ltd (SPT) :

    • SIGNS US$150M RECEIVABLES WAREHOUSE FACILITY
    • SIGNS THREE-YEAR US$150M RECEIVABLES WAREHOUSE FACILITY WITH GOLDMAN SACHS
    • FACILITY IS LOWER COST THAN CO'S EXISTING FUNDING AND USE EXPECTED TO INCREASE CO'S GROSS MARGINS OVER TIME
    • FACILITY'S USE IS EXPECTED TO INCREASE SPLITIT'S GROSS MARGINS OVER TIME.
    • FACILITY TERMS INCLUDE 13 MILLION WARRANTS ISSUED AT STRIKE PRICE OF A$1.30 TO BE ISSUED IN 3 TRANCHES
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