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Mogo Extends Maturity of $60 Million Credit Facility to 2026
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Mogo Extends Maturity of $60 Million Credit Facility to 2026
May 10, 2024 6:37 AM

09:05 AM EDT, 05/10/2024 (MT Newswires) -- Mogo ( MOGO ) , a digital wealth and payments business, said on Friday that it extended to Jan. 2, 2026 the maturity date of its $60 million senior credit facility managed by affiliates of Fortress Investment Group LLC.

The facility's original maturity date was July 2, 2025.

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

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