Rent.com.au Expands Senior Debt Facility to AU$15 Million; Shares Hit Over Four-Year High

MT Newswires Live

04/01

Rent.com.au (ASX:RNT) has successfully increased its senior debt facility with the Eldium Income Fund to AU$15 million from AU$10 million, extending the term to July 30, 2027, and making the facility available until June 30, 2027, according to a Wednesday Australian bourse filing.

The facility's cash security has increased to AU$2.5 million from AU$1.5 million, accruing interest at an annual rate of 8.5%, per the filing.

The company held around AU$7.5 million in cash and AU$8.5 million in undrawn debt as of Tuesday, the filing added.

The company's shares rose around 17% in recent Wednesday trade, earlier hitting their highest since November 2021.

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