Pioneer Credit Ltd (AU:PNC) has released an update.
Pioneer Credit Limited has successfully secured a new $272.5 million senior finance facility with significantly reduced funding costs, which is expected to enable substantial business growth and balance sheet improvement beginning in FY25. The support from financial institutions such as Nomura Australia and others underscores confidence in Pioneer’s asset quality and operational performance. Additionally, the company has streamlined its debt by replacing existing Medium Term Notes with new ones set to mature at the end of December 2028.
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