MONEYME (ASX:MME) has entered a strategic funding partnership with iPartners Pty Ltd. The agreement includes a new A$125 million corporate funding facility to replace existing debt, support loan book growth, and provide working capital. Initial drawdown is set at A$65 million, with an additional A$60 million available. Settlement is expected by December 2024.
MONEYME has announced a significant funding partnership with iPartners, introducing a new A$125 million facility. This facility will refinance existing corporate debt and support growth initiatives. The facility's structure includes a four-year term with a bullet repayment maturing in December 2028. It is designed to align with MONEYME's growth strategy for 2025 and beyond, offering more favorable terms and a larger capacity than previous arrangements. This move underscores MONEYME's commitment to sustainable growth and shareholder value, leveraging strategic partnerships to achieve its corporate objectives.
This new facility aligns perfectly with our strategic objectives, allowing us to unlock growth opportunities and support our ambitions without diluting shareholder value.