EYSINS, Switzerland--(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.
