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Bragg Gaming Group ((BRAG, BRAG) ("Bragg" or the "Company"), a leading global B2B iGaming content and technology provider, today provided an update to its April 25, 2025 announcement of its intention to secure a new revolving credit facility. Bragg has now obtained requisite approvals from a Schedule I Canadian bank for a Senior Secured Revolving Credit Facility up to USD 6 million (the "Facility") that will be used for funding working capital, growth initiatives and for general corporate purposes.
The Facility is expected to become available following the repayment of the remaining USD 2 million outstanding under the Company's existing promissory note (the "Note") owing to entities controlled by Doug Fallon. The Company expects the Note to be repaid from cash on hand in the next few weeks, with the Facility becoming available for drawdown thereafter. The lender under the Note has agreed to extend the maturity of the Note to July 15, 2025.
Posted In: BRAG
