Gambling.com Group Limited (Nasdaq: GAMB) has expanded its credit facility to $165 million, securing a syndicate of lenders led by Wells Fargo Bank to enhance financial flexibility and support strategic growth initiatives.
The amended credit agreement increases the company’s existing facility from $100 million to $165 million, comprising a $90 million revolving credit facility and a $75 million term loan. The deal also extends the maturity date of both facilities to Feb. 28, 2028, and raises the uncommitted incremental facilities cap from $10 million to $50 million.
“Expanding our credit facility to $165 million and securing a syndicate of lenders strengthens our financial position and enhances our ability to execute on growth initiatives,” Elias Mark, chief financial officer of Gambling.com Group, said in a statement. “This increased flexibility supports our organic expansion and strategic acquisition initiatives, allowing us to scale efficiently, optimize our capital structure and drive continued value creation for our shareholders.”
Wells Fargo Securities, Axos Bank, and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, acted as joint lead arrangers for the amendment. The lending syndicate also includes Citibank, Texas Capital Bank, and Comerica Bank.
Gambling.com Group, a digital marketing services provider for the online gambling industry, operates over 50 websites in 19 markets, including Gambling.com, Bookies.com, Casinos.com, and RotoWire.com. The company focuses on iGaming, sports betting, and fantasy sports through its proprietary technology platform.
