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NextBank signs $200 million revolving credit line via Savi Capital
By Marisa Wong
Los Angeles, Oct. 13 – NextPlay Technologies, Inc. announced that NextBank International, Inc., the international banking unit of its fintech division, has signed a loan and security agreement with Savi Capital Partners for a $200 million revolving line of credit facility set to mature on May 31, 2027, according to a press release.
Proceeds will be used to fund loans secured by domestic U.S. commercial real estate properties.
NextPlay is a technology company based in Sunrise, Fla.
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