Chariot (ASX:CC9) said a July unsecured loan facility was increased to AU$1.6 million from AU$880,000 after it entered into an amended and restated working capital facility agreement with asset management firm GAM, according to a Wednesday Australian bourse filing.

This includes a second advance of up to AU$852,000, in addition to the initial advance of AU$880,000, available on request within two business days of the date of the amended and restated working capital facility agreement.

Interest on the loan is payable in advance, with funds withheld by GAM from the funds advanced to the firm on drawdown. An interest on the second advance is equal to AU$144,000. A default interest rate of 3% per month will be payable on amounts overdue under the amended facility agreement.

An initial AU$132,000 of the first advance was previously repaid, the firm added. The outstanding loan is due six months from the amendment date.

Chariot also agreed to pay GAM a first arrangement fee of AU$58,080, a second arrangement fee of AU$64,000, and an issue of its ordinary shares worth AU$15,000. It also agreed to increase the number of options to acquire shares issued to GAM to 9 million from 6 million on the same terms as the options issued as part of Chariot's July 15 equity capital raising.