- 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