05:28 PM EDT, 03/19/2024 (MT Newswires) -- Gambling.com Group ( GAMB ) said Tuesday it has secured a $50 million credit facility from Wells Fargo Bank, maturing on March 19, 2027.

The new facility, consisting of a $25 million revolving credit facility and a $25 million term loan facility, may be increased by up to $10 million, subject to approval by Wells Fargo, the company said.

The credit facility is expected to be used for general corporate purposes, settlement of deferred consideration, and funding potential growth opportunities, the company said.

Shares of Gambling.com ( GAMB ) fell 1.9% in after-hours trading.

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