Kaleyra Secures $9.0 Million Loan from Intesa Sanpaolo
Summary
NEW YORK & VIENNA, Va.--(BUSINESS WIRE)--Kaleyra, Inc. (NYSE American: KLR) (KLR WS) (“Kaleyra” or the “Company”) a rapidly growing cloud communications software provider delivering a secure system of application programming interfaces (APIs) and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market, today announced that its subsidiary, Kaleyra S.p.A., has entered into a general unsecured loan agreement with Intesa Sanpaolo, S.p.A. of Italy in the amount of $9.0 million (the Loan was disbursed in Euros for an amount of €7.9 million with an exchange rate equal to 0.87602 at the signing date July 16, 2020). The Loan Agreement has a maturity of 72 months from the date of disbursement and bears interest at a variable rate equal to the three-month Euribor plus a spread of 1.65%. Calogero added, “In a world that has had to grow increasingly more reliant on digital transactions, Kaleyra is well positioned, both strategically and financially, to further build out our platform, support enterprises and enable transactions in a secure and compliant manner, driving future growth.” Kaleyra, Inc. (NYSE American: KLR) (KLR WS), is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Kaleyra’s technology today makes it possible to safely and securely manage billions of messages monthly with a reach to hundreds of MNOs and over 190 countries. Kaleyra undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
