10:40 AM EST - Mogo Inc. : Announced amendments to its existing senior credit facility with funds managed by affiliates of Fortress Investment Group LLC. The amendments lower the effective interest rate from a maximum of 9% plus LIBOR with a LIBOR floor of 1.5%, to 8% plus LIBOR with no floor. In addition, the amendment increases the available loan capital from $50 million to $60 million and extends the maturity date by three years from July 2, 2022 to July 2, 2025. Mogo Inc.
shares T.MOGO are trading down $0.08 at $4.06.
