Harmoney Corp Enters into $20m debt facility
- Consumer-direct personal lender, Harmoney Corp (HMY), enters into a $20 million debt facility to support loan book growth
- The company has entered into the debt facility through its wholly owned subsidiary Harmoney Australia
- The facility is structured with 60 per cent as term notes and 40 per cent as convertible notes with an exercise price of $2.40
- The facility can be drawn down in three tranches over a nine-month period, with an initial $10 million tranche drawdown December 29
- Shares have been up 1.3 per cent, trading at $1.82
