Rent.com.au (ASX:RNT) signed a legal documentation for a AU$10 million funding facility to finance its RentBond product, according to a Friday Australian bourse filing.
The firm earlier secured a credit-approved mandate with a newly created credit fund for the loan facility. Bolt Capital is the trustee of the fund.
There is a fixed interest rate of 15% per annum on the drawn balance of the facility, the filing said.
Rent.com.au's shares jumped nearly 8% in recent trading on Friday.
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