10:34:49 EST Thu 26 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Mogo Inc (2)
Symbol MOGO
Shares Issued 24,870,316
Close 2024-05-09 C$ 2.46
Market Cap C$ 61,180,977
Recent Sedar Documents

Mogo extends $60M facility maturity to 2026

2024-05-10 11:24 ET - News Release

Mr. Greg Feller reports

MOGO EXTENDS MATURITY OF $60 MILLION CREDIT FACILITY TO 2026

Mogo Inc. has amended its existing senior credit facility with finances managed by affiliates of Fortress Investment Group LLC. The amendment extends the maturity date of the Credit Facility from July 2, 2025, to Jan. 2, 2026.

"We're pleased to extend our relationship with Fortress which has been an excellent financial partner for our company over the past 10 years," said Greg Feller, President & CFO. "This facility continues to give us the resources and flexibility we need for our digital lending product."

About Mogo

Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) is a digital wealth and payments company headquartered in Vancouver, Canada with more than 2 million members, $9.9B in annual payments volume and a ~13% equity stake in Canada's leading Crypto Exchange WonderFi (TSX:WNDR). Mogo offers simple digital solutions to help its members dramatically improve their path to wealth-creation and financial freedom. MOGO offers commission-free stock trading that helps users thoughtfully invest based on a Warren Buffett approach to long-term investing - while also making a positive impact with every investment. Moka offers Canadians a real alternative to mutual funds and wealth managers that overcharge and underperform with a fully managed investing solution based on the proven outperformance of an S&P 500 strategy, and at a fraction of the cost. Through its wholly owned digital payments subsidiary, Carta Worldwide, Mogo also offers a low-cost payments platform that powers next-generation card programs for companies across Europe and Canada. The Company, which was founded in 2003, has approximately 200 employees across its offices in Vancouver, Toronto, London & Casablanca.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.