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home / news releases / BTTR - Better Choice upsizes credit facility to $13.5M from $12.2M

BTTR - Better Choice upsizes credit facility to $13.5M from $12.2M

Better Choice Company Inc.

  • Pet health and wellness company Better Choice Company ( NYSE: BTTR ) upsized an existing credit facility with Wintrust Financial to $13.5M from $12.2M.
  • The maturity date for the credit facility is also extended to October 2024 from January 2024.
  • The interest rate under the facility is U.S. Fed Funds Rate plus 3.75%.
  • Better Choice is set to refinance an existing loan, which currently totals $4.7M, using proceeds from the increased revolving credit facility.
  • The amendment is expected to significantly increase liquidity.
  • Source: Press Release

For further details see:

Better Choice upsizes credit facility to $13.5M from $12.2M
Stock Information
Company Name: Better Choice Company Inc.
Stock Symbol: BTTR
Market: OTC
Website: betterchoicecompany.com
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