GreenSky, Inc. Announces Closing of $75 Million Incremental Term Loan
Summary
ATLANTA--(BUSINESS WIRE)--GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY), a leading financial technology company Powering Commerce at the Point of Sale®, today announced the closing of a $75 million incremental Term Loan B facility, the proceeds of which will be used for general corporate purposes and to enhance the Company’s overall liquidity position. "Despite dislocation in the credit markets as a result of the COVID-19 pandemic’s unpredictable near and longer-term impact upon the US economy, I am very pleased that GreenSky has closed on this incremental syndicated debt placement in such efficient fashion, with institutional holders of the Company’s existing Term Loan B debt subscribing for the vast majority of this incremental tranche,” said David Zalik, GreenSky Chairman and CEO. GreenSky, Inc. (NASDAQ: GSKY) is a leading technology company Powering Commerce at the Point of Sale® for a growing ecosystem of merchants, consumers and banks. Our highly scalable, proprietary technology platform enables nearly 18,000 active merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. This press release contains forward-looking statements that reflect the Companys current views with respect to, among other things, its operations; its financial performance; and the impact of COVID-19.