Pollard Banknote Expands Credit Facility to Support Growth Initiatives

Pollard Banknote ( (TSE:PBL) ) has issued an update.

Pollard Banknote Limited has renewed and expanded its secured revolving credit facility, extending its term by three years to mature on December 31, 2028, and increasing its size by $50 million to a total of $291 million, with a potential further increase of $50 million through an accordion feature. This expanded facility will support the company’s growth initiatives, including investment in the iLottery space and financing future acquisitions, while enhancing its capacity and flexibility to drive ongoing investments.

More about Pollard Banknote

Pollard Banknote is a leading lottery partner for over 60 lotteries worldwide, offering high-quality instant ticket products, licensed games, in-lane ticket options, and sales-driving merchandising solutions. The company provides a comprehensive range of digital offerings, including game apps, player engagement, and iLottery solutions, as well as strategic marketing and management services. Pollard Banknote also supplies pull-tab tickets, bingo paper, ticket vending machines, and electronic games to charitable and gaming markets in North America. Established in 1907, it is majority-owned by the Pollard family and publicly traded on the Toronto Stock Exchange.

YTD Price Performance: 0.57%

Average Trading Volume: 10,451

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$663.8M

Learn more about PBL stock on TipRanks’ Stock Analysis page.