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Hang Seng
17,093.50
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39,023.71
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7,747.81
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0.6617
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78.00
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2,163.90
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46.11
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109.15
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Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
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38,797.51
(-0.06%)
FTSE 100
7,747.81
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USD/AUD
0.6617
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71,640.19
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78.00
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2,163.90
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46.11
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109.15
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17,093.50
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IncentiaPay (ASX: $INP) secures $5 million loan facility with Suzerain

  • Author: Stock Piper

IncentiaPay secures $5 million loan facility with Suzerain


IncentiaPay Ltd (ASX: $INP) has signed a loan agreement of $5 million with Suzerain Investment Holdings Ltd to address its working capital requirements. The key terms of the loan agreement include a 13.0% per annum interest rate, with the loan principal repayment date set for 31 December 2025. The loan is unsecured, and no interest will be charged on interest accrued. Additionally, line fees of 1% annually on the outstanding principal will be payable in arrears on the last day of June and December of each year of the term.

IncentiaPay CEO's Perspective on the Loan Facility


IncentiaPay's CEO, Heidi Halson, expressed excitement about securing the new $5 million loan facility from Suzerain. She highlighted the company's focus on delivering a high-quality product, enhancing consumer experience, and re-igniting the Fundraising distribution channel. Halson emphasized that the loan will enable the team to continue creating opportunities and partnerships, driving the company towards achieving cash breakeven.

Summary of IncentiaPay's Loan Agreement with Suzerain


IncentiaPay Ltd (ASX: $INP) has successfully secured a $5 million unsecured loan facility with Suzerain Investment Holdings Ltd to meet its working capital requirements. The agreement includes an interest rate of 13.0% per annum, with the loan principal repayment date set for 31 December 2025. IncentiaPay's CEO, Heidi Halson, expressed enthusiasm about the new loan facility, emphasizing the company's commitment to delivering high-quality products and enhancing consumer experience. The loan is expected to support the company's efforts in creating opportunities and partnerships, ultimately driving it towards achieving cash breakeven.

INCENTIAPAY LIMITED
INP | ASX | Communication Services
0.0040(+0%)
At close 05/07 (AEDT)
Market cap
$5.0M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.011
1YR Return
N / A

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