Global Blue Announces Amendment to Loan Agreement
March 30 2022 - 8:04AM
Business Wire
Global Blue Group Holding AG (NYSE: GB and GB.WS) today
announced that, effective March 29, 2022, the existing $75 million
supplemental liquidity facility that SL Globetrotter, L.P., and
Global Blue Holding L.P. made available to Global Blue Group
Holding AG on the terms and conditions of a loan agreement dated
September 30, 2020, as amended, was further amended pursuant to a
Letter Amendment to the Agreement. The Amendment provides for an
extension to the availability period for the facility under the
Amended Agreement to July 8, 2022.
The proceeds of the liquidity facility are intended to fund the
working capital needs of the Global Blue Group. Given the ongoing
relaxation of COVID-19 related sanitary restrictions and
consequential increase in travel and international shopping in many
countries, Global Blue expects it will draw down on some or all of
the liquidity facility within the coming months.
A copy of the Amendment can be obtained from the Securities and
Exchange Commission’s website at www.sec.gov or the investor
section of the Company’s website at Global Blue Group Holding AG -
Investor Relations.
ABOUT GLOBAL BLUE
Global Blue offers innovative solutions in three different
fields:
- Tax Free Shopping: Helping retailers at over 300,000 points of
sale to efficiently manage 35 million Tax Free Shopping
transactions a year, thanks to its fully integrated in-house
technology platform. Meanwhile, its industry-leading digital Tax
Free shopper solutions create a better, more seamless customer
experience
- Payments services: Providing a full suite of foreign exchange
and Payments technology solutions that allow acquirers, hotels and
retailers to offer value-added services and improve the customer
experience during 31 million payment transactions a year at 130,000
points of interaction
- Complementary RetailTech: Offering new technology solutions to
retailers, including digital receipts and eCommerce returns, that
can be easily integrated with their core systems and allow them to
optimise and digitalise their processes throughout the omni-channel
customer journey, both in-store and online
In addition, our data and advisory services offer a strategic
advisory to help retailers identify opportunities for growth, while
our shopper experience and engagement solutions provide data-driven
solutions to increase footfall, convert footfall to revenue and
enhance performance.
Pre-pandemic figures FY 2019-20.
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version on businesswire.com: https://www.businesswire.com/news/home/20220330005514/en/
FOR FURTHER INFORMATION Frances Gibbons, Head of Investor
Relations +44 (0) 7815 034 212 fgibbons@globalblue.com
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