Rewardle Holdings (ASX:RXH) entered into a standby debt facility agreement and specific security deed with Temorex as trustee for the Nitram Family Trust, according to a Wednesday Australian bourse filing.
The revolving standby debt facility has a limit of AU$2 million and carries an interest rate of 12% per annum on drawn amounts.
The facility is meant to fund working capital. It is secured by a specific security deed granting Temorex a first-ranking security interest over all shares in CloudHolter held by Rewardle.