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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sezzle Inc | NASDAQ:SEZL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-8.63 | -11.26% | 68.04 | 66.00 | 75.61 | 75.27 | 66.50 | 75.18 | 44,830 | 01:00:00 |
In addition to increasing the size of the facility, the new facility will significantly lower the Company’s borrowing costs. The new facility will have an interest rate of SOFR (Secured Overnight Financing Rate) plus 6.75% compared to the previous facility’s rate of SOFR plus 11.50%. The additional funding will bolster the Company’s ongoing growth in the United States and Canadian markets, providing the necessary resources to scale operations and pursue new strategic initiatives.
"We're thrilled to extend our lending partnership with Bastion, a key growth partner of ours for many years,” stated Karen Hartje, Sezzle’s Chief Financial Officer. “This larger and lower-cost facility will significantly enhance our ability to fund the growth of new strategic initiatives and sustain our profitable growth trajectory. We are excited and optimistic about the potential this extended partnership holds for Sezzle’s future.”
Key Terms of the Facility
Contact Information
Lee Brading, CFAInvestor Relations+1 651 240 6001InvestorRelations@sezzle.com | Erin ForanMedia Enquiries+1 651 403 2184erin.foran@sezzle.com |
About Sezzle Inc.
Sezzle is a fintech company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power for millions of consumers by offering interest-free installment plans at online and in-store locations. Sezzle’s transparent, inclusive, and seamless payment option allows consumers to take control over their spending, be more responsible, and gain access to financial freedom.
For more information visit sezzle.com.
Erin Foran Sezzle 6514032184 erin.foran@sezzle.com
1 Year Sezzle Chart |
1 Month Sezzle Chart |
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