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Northstar Gaming Holdings Inc ( (TSE:BET) ) just unveiled an announcement.
NorthStar Gaming Holdings Inc. has announced a significant milestone by securing a $43.4 million CAD long-term debt financing through a senior secured first lien term loan facility. This financing, supported by Beach Point Capital Management and Playtech, aims to bolster NorthStar’s balance sheet, repay existing debts, and fund its growth initiatives. By enhancing its financial position, NorthStar is set to scale operations and work towards profitability, reinforcing its strategic positioning in the rapidly growing online gaming sector.
More about Northstar Gaming Holdings Inc
NorthStar Gaming Holdings Inc. operates in the gaming industry, focusing on online gaming services. The company is committed to expanding its market presence and leveraging strategic partnerships to enhance its offerings.
YTD Price Performance: 37.50%
Average Trading Volume: 262,854
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$6.48M
Find detailed analytics on BET stock on TipRanks’ Stock Analysis page.