Raketech Group Holding Plc (Nasdaq:RAKE), the iGaming efficiency advertising accomplice is happy to announce that the corporate has signed a revolving credit score facility (RCF) with Financial institution of Valletta, one of many largest banks in Malta, partially owned by the Maltese authorities. This strategic transfer will bolster the corporate’s monetary flexibility and assist its development initiatives. The present credit score facility with Avida Finans AB will proceed to run in parallel up till December 2024.

New RCF Particulars:

• Credit score Restrict: EUR 5 million
• Curiosity Price: 4.5% over the variable inner financial institution charge (presently 2.15%) when utilized.

“This credit facility reflects Raketech’s strong financial position, and the trust our banking partners have in our business model and future growth plans. We have worked with Bank of Valletta for the last ten years and we are excited to expand on this partnership and to explore further growth opportunities together with them”, stated Johan Svensson, CEO of Raketech.

For extra info, please contact:

investor@raketech.com

About Raketech Group

Raketech is a number one on-line affiliate and content material advertising firm, with experience in delivering comparability providers for sports activities and gaming, on-line guides, communities, and social media merchandise. Raketech guides sports activities and gaming fanatics to the very best providers, whereas additionally delivering high-quality site visitors and results in its companions. Raketech grows each organically and through acquisitions and operates its enterprise in accordance with a transparent framework for accountable internet online affiliate marketing providers. The corporate’s shares are listed in Nasdaq First North Premier Development Market with ticker RAKE. Carnegie Funding Financial institution AB (publ) is the corporate’s Licensed Adviser. For extra info, go to www.raketech.com.

Attachments

Raketech Indicators Revolving Credit score Facility with Financial institution of Valletta