Mogo Finance Secures Extended Credit Facility Term

Mogo Finance Technology (TSE:MOGO) has released an update.

Mogo Finance Technology has successfully renegotiated the maturity date of its $60 million credit facility with Fortress Investment Group LLC, extending it to January 2, 2026. This extension is seen as a positive step for Mogo, as the company underscores the continuing support from Fortress, a key financial partner for a decade. The facility will provide Mogo with the necessary resources and flexibility to enhance its digital lending product for its more than 2 million members.

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