Raketech signs revolving credit facility with Bank of Valletta

iGaming performance marketing partner Raketech Group Holding Plc (NASDAQ: RAKE) is pleased to announce that it has signed a revolving credit facility (RCF) with Bank of Valletta, Malta’s largest bank One, partly owned by the Maltese government. This strategic move will enhance the company’s financial flexibility and support its growth plans. The current credit facility with Avida Finans AB will continue to run in parallel until December 2024.

New RCF details:

• credits: 5 million euros
• interest rate: When used, it is 4.5% higher than the bank’s internal variable rate (currently 2.15%).

“This credit facility reflects Raketech’s strong financial position and the trust our banking partners have in our business model and future growth plans. We have been working with Bank of Valletta for the past ten years and we are delighted to be able to expand this partnership and explore further growth opportunities with them,” said Johan Svensson, CEO of Raketech.

For more information, please contact:

investors@raketech.com

About Raycus Technology Group

Raketech is a leading online affiliate and content marketing company with expertise in comparison services for sports and games, online guides, social and social media products. Raketech provides the best possible service to sports and gaming enthusiasts while also delivering high-quality traffic and leads to its partners. Raketech has grown through organic growth and acquisitions and operates its business according to a clear framework of responsible affiliate marketing services. The company’s shares are listed on the Nasdaq First Northern Prime Growth Market under the symbol RAKE. Carnegie Investment Bank AB (publ) is the company’s certified advisor. For more information, please visit www.raketech.com.

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Raketech signs revolving credit facility with Bank of Valletta