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 | ||
43.8 USD | -9.20% | +2.07% | +422.36% |
Apr. 29 | JMP Securities Starts Dave With Market Outperform Rating, $70 Price Target | MT |
Apr. 23 | Barrington Upgrades Dave to Outperform Rating From Market Perform, Price Target is $45 | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+422.36% | 542M | |
-1.57% | 175B | |
+11.87% | 38.14B | |
-3.12% | 37.5B | |
+30.61% | 14.49B | |
-34.64% | 9.78B | |
-22.92% | 8.98B | |
+17.33% | 8.87B | |
+59.18% | 6.78B | |
-12.70% | 4.82B |
- 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