Gambling.com expands credit facility to $165M

Gambling.com (GAMB) 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.