GreenSky, Inc. Announces Closing of $75 Million Incremental Term Loan

ATLANTA--(BUSINESS WIRE)--GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY), a leading financial technology company Powering Commerce at the Point of Sale®, today announced the closing of a $75 million incremental Term Loan B facility, the proceeds of which will be used for general corporate purposes and to enhance the Company’s overall liquidity position. The incremental term loan, priced at Libor plus 450 basis points, with a 1% Libor floor, will have the same security, maturity, principal amortization, prepayment, and covenant terms as the existing term loan under the Company's Term Loan B Credit Facility. The Term Loan B Credit Facility matures on March 29, 2025.