Brief: Yellow Brick Road Enters Into Two Term Sheets Relating To Establishment Of Securitisation Business

Yellow Brick Road Holdings

11/04/2019 02:41

April 11 (Reuters) - Yellow Brick Road Holdings Ltd
 YBR.AX :
    * ENTERED INTO TWO SEPARATE TERM SHEETS RELATING TO
ESTABLISHMENT
OF SECURITISATION BUSINESS
    * FIRST TERM SHEET WITH AN ALTERNATIVE ASSET MANAGER WHO
WILL
PROVIDE A$18 MILLION IN ORDINARY EQUITY IN RWF IN 2 TRANCHES
    * ALTERNATIVE ASSET MANAGER WILL ALSO PROVIDE FACILITY FOR
COMBINED A$64 MILLION IN FUTURE FUNDING
    * OTHER TERM SHEET WILL PROVIDE A BACK-UP FACILITY FOR
ANOTHER
A$20 MILLION IN FUTURE FUNDING

Source text: http://bit.ly/2v0x28Y
Further company coverage:  YBR.AX 

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