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How Will Algorae’s $3M Revolving Debt Boost Its ANZ Commercial Push?
9:10am on Wednesday 21st of January, 2026 AEDT
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Pharmaceuticals
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How Will Algorae’s $3M Revolving Debt Boost Its ANZ Commercial Push?
9:10am on Wednesday 21st of January, 2026 AEDT
Key Points
Secured $3 million receivables-based revolving credit facility
Facility supports scaling of AlgoraeRx commercial operations in ANZ
Interest charged only on drawn amounts, enhancing financial flexibility
Facility backed by trade receivables and parent company guarantee
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ALGORAE PHARMACEUTICALS (ASX:1AI)
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