09:47 AM EST, 02/28/2025 (MT Newswires) -- Mogo ( MOGO ) , a digital payments business, on Friday said the maturity date of its senior credit facility with Fortress Investment Group has been extended by three years to Jan. 2, 2929 while the interest rate has been cut by 100 basis points.

As part of the amendments to the facility, the available capital has been bumped up to $100 million from $60 million.

"With this amended facility, we lower our cost of capital while also increasing our financial flexibility and access to capital to support long-term growth," said chief financial officer Greg Feller.

Mogo ( MOGO ) was last seen up 0.7% to $1.49 on the Toronto Stock Exchange.

Price: 1.49, Change: +0.01, Percent Change: +0.68