Brief: Pioneer Credit Says Acquired A Debt Portfolio From Panthera Finance

Pioneer Credit

08/12/2023 01:09

Dec 8 (Reuters) - Pioneer Credit Ltd  PNC.AX :
    * 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

Source text for Eikon:  ID:nASX521YKt 
Further company coverage:  PNC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))