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LawFinance Limited ( (AU:LAW) ) has issued an announcement.
LawFinance Limited successfully completed a significant restructuring of its debt facilities during the December 2023 quarter, following shareholder approval. The restructuring included the discharge of the SAF Facility and amendments to the PFG Loan Agreement to maximize the value of the receivables portfolio. Despite a downward trend in cash collections, the company remains focused on its strategic priorities, including the Trident Health Group initiative, although progress has been slower than expected. The company’s operational expenditure has decreased slightly, and future reductions are anticipated.
More about LawFinance Limited
LawFinance Limited operates in the financial services industry, with a focus on managing portfolios of receivables and providing funding solutions. The company is engaged in restructuring debt facilities and exploring growth initiatives in partnership with other entities like Trident Health Group in the US healthcare sector.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $198.5K
Find detailed analytics on LAW stock on TipRanks’ Stock Analysis page.
