- New ASX lister Plenti (PLT) has secured a $100 million renewable energy and personal loan facility to support its lending portfolio
- The loan facility is funded by a major domestic bank and two domestic investors, both are unnamed in the announcement
- Plenti expects the majority of its new renewable energy and personal loan originations to be funded by the new facility
- Loans are expected to yield a funding cost-benefit of 3 percent, which the company says will significantly enhancing loan unit economics
- The company anticipates making its first drawdown on the facility before the end of 2020
- PLT shares closed up slightly by 0.97 percent, trading at $1.04 each
