OLB closes loan payoff related to acquisition financing

• The OLB (NASDAQ:OLB +3.1%) completed an early payoff of its $7.7M acquisition-related senior term loan originated in April 2018 which will lead to ~$0.72M savings in interest annually and release the company from related restrictive covenants on the business.
• For terminating debt obligations, 40K warrants related to the financing were also cancelled.