Prime Financial Group (ASX:PFG) has expanded its debt facility with Westpac Banking Corporation for an additional debt facility over a three-year term, according to a Thursday filing with the Australian bourse.
The company now has the potential to access up to a total of AU$41.4 million from the previous AU$24.4 million which will be used to fund acquisitions and working capital, the filing said.
The financial group said they were on track to achieve their revenue growth of 15% to 20% in fiscal 2025.
Prime Financial Group also expects to double its revenue to AU$100 million within the next three to five years.
The company's shares fell 4% at Friday's market close.
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