Gambling.com Group Expands Credit Facility to $165 Million

Gambling.com Group Limited, a fast-growing provider of digital marketing services for the global online gambling industry, on Tuesday announced it entered into an amendment to its existing credit facility, with Wells Fargo Bank, National Association, as administrative agent, expanding its total available credit and extending its maturity.

The amendment, among other items, increases the Credit Facility from $100 million to $165 million, consisting of a revolving credit facility of $90 million and a term loan facility of $75 million, syndicates the Credit Facility across multiple lenders and extends the maturity date of both facilities to February 28, 2028. The amendment also raises the uncommitted incremental facilities cap from $10 million to $50 million.

Elias Mark, Chief Financial Officer of Gambling.com Group, commented, “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. 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, LLC, Axos Bank and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, acted as joint lead arrangers in connection with the amendment. Wells Fargo, Axos Bank, First-Citizens Bank and Trust Company, Citibank, N.A., Texas Capital Bank and Comerica Bank are lenders under the Credit Facility.