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IDT Australia Secures $20M Loan to Fuel Pharmaceutical Growth

7:03pm on Monday 2nd of June, 2025 AEST Pharmaceuticals
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IDT Australia Secures $20M Loan to Fuel Pharmaceutical Growth

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • IDT finalizes $20 million asset-based loan with ScotPac
  • New facility replaces $4.7 million NAB loan
  • Loan supports growth amid 91% revenue increase in FY24
  • Facility secured against property, equipment, and receivables
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