Cash Converters Bolsters Lending Capacity with Increased Facility

Cash Converters International Limited (AU:CCV) has released an update.

Cash Converters International Limited has successfully renewed and expanded its senior finance facility with Fortress Investment Group, increasing the funding from $150 million to $200 million on favorable terms. This strategic financial move will provide the necessary capital for the growth of its personal finance lending arm, including the introduction of new products. The company, a diversified consumer lender and retailer, operates 669 stores across 17 countries and is focused on leveraging technology and responsible lending practices.

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