PNC pioneer credit limited
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News: PNC Pioneer Credit Says Acquired A Debt Portfolio From Panthera Finance

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    08/12/23
    12:10
    Post #: 71345884

    Dec 8 (Reuters) - Pioneer Credit Ltd (PNC) :

    • HAS ACQUIRED A DEBT PORTFOLIO FROM PANTHERA FINANCE PTY LTD
    • DEBT PORTFOLIO FROM PANTHERA FINANCE PTY LTD FOR A TOTAL CONSIDERATION OF A$24.1 MILLION
    • CONTINUES TO PROGRESS REFINANCING ITS EXISTING SENIOR DEBT FACILITY
    • UPGRADED ITS FY24 PDP INVESTMENT GUIDANCE TO A$85 MILLION
    • PIONEER WILL DRAW DOWN A$17 MILLION FROM NOMURA FINANCE FACILITY, WITH BALANCE OF PDP INVESTMENT AND FEES EQUITY FUNDED
    • LOOK FORWARD TO COMPLETING MORE ONE-OFF MATERIAL PDP TRANSACTIONS OVER BALANCE OF FY24 AND BEYOND
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