PNC completed AU$24.1 million Panthera Finance PDP acquisition

Pioneer Credit Limited (ASX: PNC) has successfully finalized the acquisition of a Purchase Debt Portfolio (PDP) from Panthera Finance Pty Ltd, amounting to AU$24.1 million. To support this strategic investment, Pioneer secured a competitive finance facility from Nomura Australia Limited, featuring terms more favourable than its existing debt facilities.

Following the Panthera transaction, the company has raised its FY24 PDP Investment Guidance to AU$85 million, up from the initial projection of AU$60 million. This upward revision reflects Pioneer's confidence in the value and potential of the acquired debt portfolio. Concurrently, Pioneer remains focused on refinancing its current senior debt facility, highlighting the company's commitment to optimizing its financial structure and ensuring sustained growth in the evolving financial landscape.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com