This to me seems like big big news:
- paid off the expensive debt that was due next year and probably had some rather restrictive covenants even post the capital raise etc (and in fact was the loan that created quite a lot if issues post the acquisition)
- extends the term out to 4 years
- has significant headroom which allows them to use for growth (which I take as using this facility to take full advantage of the ~500m Autopay ABS facility they have)
This should hopefully give them more room for further securitisation deals which will help with growing that loan book over the long term (although they need to keep those credit losses under control)
Ann: MONEYME secures A$125m funding facility with iPartners, page-3
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Last
14.5¢ |
Change
0.008(5.45%) |
Mkt cap ! $116.0M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 14.5¢ | $56.50K | 379.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 232775 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 5000 | 1 |
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| Last trade - 13.13pm 31/07/2025 (20 minute delay) ? |
| MME (ASX) Chart |