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Butn Secures $100M Debt Facility to Accelerate Growth Ambitions
9:10am on Wednesday 2nd of July, 2025 AEST
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Financial Services
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Butn Secures $100M Debt Facility to Accelerate Growth Ambitions
9:10am on Wednesday 2nd of July, 2025 AEST
Key Points
Butn obtains $100 million senior secured debt facility over four years
Initial $77 million drawn with $23 million committed available funds
Full redemption of $81.3 million corporate notes including early repayment
Facility complements recent $10 million equity raise and $10 million credit line
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