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Mining Services Refinance QLD

Mining Services Refinance QLD

Loan Description

Overview

Senior secured, combination asset backed and receivables finance

Amount

$18,000,000

Collateral

PP&E, Receivables, GSA on business

Use of Funds

Re-finance existing debt and provide working capital funding

Term

36 months

LVR

~ 65% of OLV

Interest Rate

~8% per annum

Date

27 Sep 2016

Status

Completed

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Size

$18,000,000

Indicative Interest Rate

~8% per annum

Date

27 Sep 2016

Status

Completed