Propel Upsizes Its Syndicated Credit Facility to $330 Million-February 2024-www.financetom.com

Propel Upsizes Its Syndicated Credit Facility to $330 Million

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Propel Upsizes Its Syndicated Credit Facility to $330 Million

Jul 25, 2024 2:00 PM

04:34 PM EDT, 07/25/2024 (MT Newswires) -- Propel Holdings ( PRLPF ) on Thursday it is upsizing its its existing syndicated credit facility for its CreditFresh business by $80 million to $330 million.

The financial-technology company said the boost to its credit facility will support its growth

"This credit facility will enable us to provide liquidity to support the ongoing growth of the CreditFresh portfolio," said Clive Kinross, Propel's Chief Executive Officer, in a statement.

The company's shares closed up $0.01 to $24.68 on the Toronto Stock Exchange.

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