MoneyLion Announces Successful Completion of Senior Debt Refinancing
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MoneyLion Inc. has successfully completed a $70 million loan facility with Silicon Valley Bank to refinance its existing senior debt, aiming to lower its cost of capital.
November 25, 2024 | 11:30 pm
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MoneyLion Inc. has secured a $70 million loan facility from Silicon Valley Bank to refinance its existing senior debt, which will lower its cost of capital.
The refinancing of senior debt with a $70 million loan from Silicon Valley Bank is a strategic move to lower MoneyLion's cost of capital. This can improve the company's financial health and potentially enhance investor confidence, leading to a positive short-term impact on the stock price.
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