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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Bank Provides $50MM Credit Facility to Gambling.com Group
Wednesday, March 20, 2024
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Lenders/Participants
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Wells Fargo Bank [Lender]
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Structure
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$25MM Revolving Credit Facility; $25MM Term Loan
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Amount
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$50.000
Million
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Borrower(s)
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Gambling.com Group Limited
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Description
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Comprised of a $25 million revolving credit facility and a $25 million term loan facility. The new Credit Facility matures on March 19, 2027, and, subject to approval by Wells Fargo, may be incrementally increased by up to $10 million in the aggregate. The credit facility is expected to be used for general corporate purposes, to settle deferred consideration, and to fund potential growth opportunities. The interest rate on the Credit Facility is as follows: Base Rate Loans: (i) the highest of (a) Prime Rate, (b) Federal Funds Rate plus 0.50%, and (c) Adjusted Term SOFR for one-month tenor plus 1.00%, (ii) plus an applicable margin of 2.50% per annum (the “Applicable Margin”); Term SOFR Loans: SOFR Rate plus 0.10%, plus the Applicable Margin; Eurocurrency Rate Loans: Adjusted Eurocurrency Rate, plus the Applicable Margin; Daily Simple RFR Loans: Adjusted Daily Simple RFR rate, plus the Applicable Margin
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Industry
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Gaming
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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