Raketech extends credit facility
Raketech, the iGaming performance marketing partner, today announced that the company has extended its revolving credit facility of EUR 15 million with Avida Finans AB up until September 2023. The credit facility enables Raketech to continue to make important growth investments, additional acquisitions and can further be used for financing of working capital, other investments, and other general corporate purposes. Interest on the facility is EURIBOR plus 4.25% and an additional upfront extension fee. The credit facility includes an extension option and can thus be renewed annually subject to certain conditions.