Brief: Moneyme Ltd Agrees Binding Legal Documentation With Pacific Equity Partners

Moneyme

20/12/2022 22:55

Dec 21 (Reuters) - Moneyme Ltd  MME.AX :
    * HAS AGREED BINDING LEGAL DOCUMENTATION WITH PACIFIC EQUITY
PARTNERS
    * AGREEMENT INCLUDES A$25M EARLY REPAYMENT OF SENIOR SECURED
FACILITY WITH PEP
    * AGREEMENT WILL RESTORE FACILITY BACK TO ITS ORIGINAL SIZE
OF
A$50 MILLION
    * SEES PROPOSED PARTIAL REPAYMENT TO SUPPORT CO'S DELIVERY
OF
STATUTORY PROFITS BY REDUCING FUNDING COSTS
    * CONFIRM THAT BOTH REVENUE AND STATUTORY PROFIT  FOR FY23
TARGET
REMAINS ON TRACK

Source text for Eikon:  ID:nASX7JQcL7 
Further company coverage:  MME.AX 
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