Credit Clear (ASX:CCR) secured a AU$6 million loan facility from ANZ Group Holdings (ASX:ANZ, NZE:ANZ) to support its business acquisition strategy, according to a Friday filing with the Australian bourse.
The loan will be available on standard commercial terms, with drawdown subject to legal checks and completion of transactional requirements, the filing said.
The company's cash position as of the end of February stood at about AU$20 million, per the filing.