Vinyl Group Signs AU$1.5 Million Revolving Credit Line

MT Newswires Live

2025/06/30

Vinyl Group (ASX:VNL) signed a term sheet for a 24-month, AU$1.5 million revolving line of credit agreement with Songtradr, according to a Monday filing with the Australian bourse.

The facility will provide flexible working capital to advance e-commerce sales on Vinyl.com, the company's direct-to-consumer vinyl marketplace, during this year's holiday season, the filing said.

Additionally, the company agreed in principle to convert certain historical liabilities owed to Songtradr into equity, subject to shareholder approval, according to the filing.

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