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Locate Technologies clears its November debt hurdle with new refinancing
6:30am on Friday 6th of November, 2026 AEDT
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Technology
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Locate Technologies clears its November debt hurdle with new refinancing
6:30am on Friday 6th of November, 2026 AEDT
Key Points
A$3.0 million senior secured facility drawn, with up to A$3.5 million available
A$1.0 million unsecured convertible note issued at a NZ$0.15 conversion price
A$4.04 million PURE facility to be repaid using new funding and existing cash
New debt carries 11% interest, while the note carries 10%
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