OAREX Locks In $50M Bank Debt for Future Digital Payouts
OAREX Locks In $50M Bank Debt for Future Digital Payouts News provided by Share this article CLEVELAND, Feb. 1, 2021 /PRNewswire/ -- On December 14 th, OAREX closed a $50M line of credit with East West Bank, an FDIC insured institution. This new capital brings OAREX's total line of credit to $100M, with the other $50M secured from Arena Investors of New York in July, 2019. $100M to Buy Future Digital Payouts OAREX will use the funds to continue to buy future digital payouts from online businesses. Access to liquidity for a rapidly growing online business is necessary to sustain growth, becaus...
Source: prnewswire.com