Global Blue announces amendment to its loan agreement
EYSINS, Switzerland–(BUSINESS WIRE)–Global Blue Group Holding AG (NYSE: GB and GB.WS) announced today that, effective March 29, 2022, the existing additional $75 million liquidity facility that SL Globetrotter, LP and Global Blue Holding LP have made available to Global Blue Group Holding AG under the terms and conditions of a loan agreement dated September 30, 2020, as amended, has been further amended pursuant to an Agreement Amendment Letter. The amendment provides for an extension of the facility’s availability period under the amended agreement until July 8, 2022.
The proceeds of the liquidity facility are intended to finance the working capital needs of the Global Blue Group. Given the continued easing of COVID-19 related health restrictions and the consequent increase in international travel and purchases in many countries, Global Blue expects to draw on all or part of the liquidity facility in the coming months.
A copy of the amendment may be obtained from the Securities and Exchange Commission’s website at www.sec.gov or the investors 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 areas:
Tax Free Shopping: Helps retailers in over 300,000 outlets efficiently manage 35 million Tax Free Shopping transactions per year, thanks to its fully integrated in-house technology platform. Meanwhile, its industry-leading digital tax-free shopping solutions create a better and more seamless customer experience.
Payment Services: Providing a full suite of foreign exchange solutions and payment technologies that enable acquirers, hotels and retailers to deliver value-added services and enhance the customer experience at 31 million payment transactions per year at 130,000 interaction points
Complementary RetailTech: offering new technology solutions to retailers, including digital receipts and e-commerce returns, which can be easily integrated into their core systems and allow them to optimize and digitize their processes throughout the customer journey omnichannel, both in-store and online
Additionally, our data and consulting services offer strategic advice to help retailers identify opportunities for growth, while our customer experience and engagement solutions provide data-driven solutions to increase footfall, convert attendance into revenue and improve performance.
FY 2019-20 pre-pandemic figures.