Propel Holdings Inc ( (TSE:PRL) ) has shared an announcement.
Propel Holdings Inc. has announced an increase and amendment to its CreditFresh credit facility, raising it to $400 million, and a refinancing of its MoneyKey credit facility, both resulting in a lower cost of capital. The CreditFresh facility will now bear interest at SOFR plus 620 basis points, while the MoneyKey facility will bear interest at SOFR plus 425 basis points. These changes are expected to lower Propel’s cost of capital by approximately 150 basis points annually, enhancing liquidity to support growth targets. The company’s strong growth in the US loan portfolio, driven by expanding bank partnerships and increased demand from underserved markets, underscores its potential to become a global leader in providing credit to underserved consumers.
Spark’s Take on TSE:PRL Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRL is a Outperform.
Propel Holdings Inc exhibits strong financial performance with significant revenue growth and improving profitability. The stock’s valuation metrics suggest it is fairly priced, and while technical indicators show some bearish trends, the overall momentum remains stable. The company’s strategic growth initiatives, including successful acquisitions, further bolster its prospects. However, challenges with cash flow generation and high debt levels pose risks that need addressing to sustain its positive trajectory.
To see Spark’s full report on TSE:PRL stock, click here.
More about Propel Holdings Inc
Propel Holdings Inc. is a fintech company focused on expanding financial opportunities for consumers, partners, and investors. It operates through brands like Fora Credit, CreditFresh, MoneyKey, and QuidMarket, offering Lending-as-a-Service to provide credit access to consumers underserved by traditional financial institutions. Propel leverages an AI-powered platform to evaluate customers beyond traditional credit scores, facilitating over one million loans and more than two billion dollars in credit.
YTD Price Performance: -27.06%
Average Trading Volume: 227,403
Technical Sentiment Signal: Hold
Current Market Cap: C$1.04B
Learn more about PRL stock on TipRanks’ Stock Analysis page.