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