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QuickFee Ltd. ( (AU:QFE) ) has provided an announcement.
QuickFee Limited has successfully completed the refinancing of its debt facilities, securing a new A$118 million asset-backed receivables financing facility with Viola Credit to fund future growth in the US and Australia. Additionally, QuickFee has completed a A$1.25 million share placement and announced a A$0.25 million Share Purchase Plan to strengthen its balance sheet and support further loan book growth. The refinancing and capital raise are expected to accelerate loan originations and capitalize on growth opportunities in the US payments business, with the company maintaining its guidance for FY25 statutory EBTDA.
More about QuickFee Ltd.
QuickFee Limited operates in the financial services industry, focusing on providing financing solutions and payment services. The company primarily offers asset-backed receivables financing and term loans to support growth in the US and Australia, with a market focus on expanding its high-margin Finance and Connect products.
Average Trading Volume: 129,883
Technical Sentiment Signal: Sell
Current Market Cap: A$17.43M
For detailed information about QFE stock, go to TipRanks’ Stock Analysis page.