Pioneer Credit Lowers Margin on AU$272.5 Million Senior Finance Facility

MT Newswires Live
2025/11/27

Pioneer Credit (ASX:PNC) has strengthened its capital structure, securing a 15-basis point reduction on its AU$272.5 million syndicated senior finance facility, following a pricing improvement in October, according to a Thursday filing with the Australian bourse.

The updated facility margin of bank bill swap rate plus 435 basis points increases the company's annualized pre-tax interest savings to over AU$3 million, per the filing.

The company's shares rose 1% in recent Thursday trade.

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