Sabio Holdings (TSE:SBIO) has released an update.
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Sabio Holdings has secured a new $10 million senior-secured revolving credit facility with SLR Digital Finance, enhancing its financial position with increased liquidity and long-term stability. The deal, which offers competitive capital costs and is backed by the company’s U.S. assets, aims to better position Sabio for growth in the ad-supported streaming market. Additionally, Sabio has updated its Articles of Incorporation and By-laws to streamline share conversion and establish a clear framework for director nominations.
For further insights into TSE:SBIO stock, check out TipRanks’ Stock Analysis page.
