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OAREX Locks In $50M Bank Debt for Future Digital Payouts


OAREX Locks In $50M Bank Debt for Future Digital Payouts
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CLEVELAND, Feb. 1, 2021 /PRNewswire/ On December 14
th, OAREX closed a $50M line of credit with East West Bank, an FDIC insured institution. This new capital brings OAREX s total line of credit to $100M, with the other $50M secured from Arena Investors of New York in July, 2019.
$100M to Buy Future Digital Payouts
OAREX will use the funds to continue to buy future digital payouts from online businesses. Access to liquidity for a rapidly growing online business is necessary to sustain growth, because their models are capital intensive. ....

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