01:09 PM EDT, 09/12/2025 (MT Newswires) -- Bragg Gaming Group ( BRAG ) entered into a new financing agreement with the Bank of Montreal ( BNKD ) for up to $6 million in credit facilities to support working capital and general corporate purposes.

The agreement is for a one-year term, with the possibility of a one-year extension at the bank's discretion, Bragg said Friday in a statement. The new financing replaces an outstanding promissory note with entities controlled by Bragg executive Doug Fallon, which the company has repaid.

The company expects to draw on the credit in Canadian dollars, with estimated borrowing costs ranging from 5.9% to 7.9%, depending on loan type and leverage ratio.

Bragg also said it resolved a cybersecurity incident detected on Aug. 16, with independent experts confirming no personal data was compromised, operations and revenue were unaffected, and cyber defenses have been strengthened.

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