Keybridge Capital Extends Bridge Loan With WAM Active

MT Newswires Live

Sep 01

Keybridge Capital (ASX:KBC) has extended its secured bridge funding facility with WAM Active (ASX:WAA) and related Wilson Asset Management entities until Nov. 30, according to a Monday filing with the Australian bourse.

The bridge funding facility has been extended to support the company's recapitalization, the filing said.

The facility had a 12% interest rate, which would reduce to 9% once security is granted and increase by 2% if extended beyond Aug. 31, but WAM Active has agreed to maintain the current rate for the extension, the filing added.

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