Bango PLC Secures New Loan and Credit Facility to Boost Financial Flexibility

Bango plc ( (GB:BGO) ) has issued an update.

Bango PLC has announced a new loan agreement with NHN Corporation, replacing a previous loan and providing an additional $2.85 million to enhance its financial flexibility and support efficiency improvements. The new loan terms include deferred repayments and a fixed interest rate, with NHN receiving warrants to purchase shares in Bango. Additionally, Bango has secured a $15 million multi-currency revolving credit facility with NatWest, replacing an existing overdraft and providing a long-term financing solution with favorable terms.

The most recent analyst rating on (GB:BGO) stock is a Buy with a £244.00 price target. To see the full list of analyst forecasts on Bango plc stock, see the GB:BGO Stock Forecast page.

More about Bango plc

Bango PLC is a company that enables content providers to reach more paying customers through global partnerships. It has revolutionized the monetization of digital content and services by facilitating online payments for mobile phone users worldwide. Bango’s technology is trusted by major content providers such as Amazon, Google, and Microsoft to expand their subscriber base.

Average Trading Volume: 93,573

Technical Sentiment Signal: Sell

Current Market Cap: £70.3M

For detailed information about BGO stock, go to TipRanks’ Stock Analysis page.