Spenda Ltd (ASX:SPX) managing director Adrian Floate discusses the finalisation of a $50 million debt facility with Proactive’s Andrew Scott. The company was able to leverage its “verbose” business case to draw interest from several private credit funds before a bidding process narrowed down the pool to Spenda’s preferred partner. SPX intends to use these funds to scale the business and refinance its portfolio funding to provide a pathway to continued growth in 2023.
Spenda secures $50 million in debt warehouse facility to accelerate business growth
