Remitly Global Raises Secured Revolving Credit Facility to $1 Billion
Remitly Global increased its secured revolving credit facility from $550 million to $1 billion.
Story updates
08:13:55 PM UTC
SquawkNews
Remitly entered into an amendment increasing its secured revolving credit facility from $550 million to $1 billion and its letter of credit sub-facility from $200 million to $400 million. The company expects to use the facility primarily to support prefunding of customer flows in its global remitta…