Cash Converters: Renews Loan Facility –

Cash Converters: Renews Loan Facility –

Cash Converters RenewsLoan facility

  • Secondhand retail company Cash Converters (CCV) has renewed its loan securitisation facility with Fortress Investment GroupA four-year maturity term
  • The Board considered many funding options, but this was the best option commercially and strategically.
  • TheToday is the day of renewal. $150 million in drawdown capacity has been maintained and advanced rates have been improved
  • TheA secondhand retail company claimed that renewing the facility prior to expiry allowed them to lock in competitive terms and an extended tenor.
  • Company Shares closed the day 2.17 percentage points higher at 23.5cs

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