Australia's Cash Converters International rises on securing $16 million funding facility

Cash Converters International

02/06/2025 03:01

** Shares of Cash Converters International CCV.AX rise 3.6% to A$0.285

** Finance retailer's stock at its highest level since Nov 3, 2021

** Co finalises terms with Lloyds Bank for 12 million pounds ($16.18 million) finance facility

** Also inks agreement to acquire 10 franchise stores from a partner operating a 19-store network in North West and Central England

** Trading volume at more than 986k, 1.5x the 30-day avg

** Stock up 16.3% YTD

($1 = 0.7416 pounds)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))