Cash Converters Renews loan facility
- Secondhand retail company Cash Converters (CCV) has renewed its loan securitisation facility with Fortress Investment Group for a four year maturity term
- The board considered a number of funding proposals, but this was determined to be the best option strategically and commercially
- The renewal starts today, with $150 million in drawdown capacity maintained and improved advance rates
- The secondhand retail company said renewing the facility ahead of the expiry allowed it to lock in competitive terms with extended tenor
- Company shares have ended the day 2.17 per cent higher at 23.5 cents
