Dave Inc. has amended its existing Delayed Draw Senior Secured Loan Facility (the ?Credit Facility?) with Victory Park Capital Advisors, LLC (?VPC?), effective September 13, 2023. The amendment to the Credit Facility accomplishes the following: Increases the total size by $50 million to $150 million; Increases the advance rate by over 800 basis points based on the $75 million outstanding balance on the Credit Facility as of June 30, 2023; Reduces cost of funds by nearly 200 basis points based on the outstanding balance as of June 30, 2023; and Extends the maturity by approximately two years to December 15, 2026.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
49.09 USD | -7.53% | +8.75% | +485.45% |
05-07 | Barrington Raises Price Target on Dave to $65 From $45, Maintains Outperform Rating | MT |
05-07 | Investor Sentiment Muted After Rate Cut Optimism, Stifling US Equity Futures Pre-Bell | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+485.45% | 608M | |
+1.16% | 177B | |
+24.26% | 41.52B | |
+6.86% | 41.66B | |
+27.39% | 14.26B | |
-35.71% | 9.77B | |
+26.12% | 9.5B | |
-22.02% | 9.1B | |
+55.21% | 6.44B | |
-7.93% | 5.13B |
- Stock Market
- Equities
- DAVE Stock
- News Dave Inc.
- Dave Inc. Amends Credit Facility to Increase Capacity and Advance Rate, Reduce Cost of Funds, and Extend Maturity