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Oct 14 (Reuters) - Pioneer Credit Ltd (PNC) : PIONEER CREDIT...

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    14/10/21
    12:30
    Post #: 56795492

    Oct 14 (Reuters) - Pioneer Credit Ltd (PNC) :

    • PIONEER CREDIT LTD - CONFIRMS COMPANY IS IN ADVANCED STAGES OF REFINANCING ITS EXISTING SENIOR DEBT FACILITIES AT REDUCED COST
    • PIONEER CREDIT LTD - PROPOSES TO ISSUE A MINIMUM OF A$10 MILLION OF A NEW TRANCHE OF NOTES THAT ARE FULLY FUNGIBLE WITH NOTES
    • PIONEER CREDIT LTD - PROPOSED AMENDMENTS INCLUDE EXTENDING MATURITY DATE FOR NOTES FROM 22 MARCH 2023 TO 30 NOVEMBER 2026
    • PIONEER CREDIT LTD - PROPOSED SENIOR DEBT REFINANCING INCLUDE INCREASING MARGIN BY 150 BPS TO +8.75% PER ANNUM
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