Latest Debt Management News

betr Entertainment has issued its fourth supplementary bidder’s statement, addressing PointsBet’s recent assertions and confirming key financial consents and cash flow positions amid its ongoing takeover offer.

Coventry Group has launched a $20 million entitlement offer at a 15% discount to reduce debt and bolster working capital. Eligible shareholders can also apply for additional shares through a shortfall facility.

My Rewards International Limited (ASX – MRI) has announced a pro rata non-renounceable entitlement offer aiming to raise up to $4.12 million, primarily to reduce debt and strengthen working capital. The offer is partially underwritten and open to shareholders in select countries, with key dates set for September and October 2025.

Briscoe Group Limited reported a near-flat half-year sales performance with a modest decline in net profit, while advancing key strategic investments including a new distribution centre. The company declared a 10-cent interim dividend amid cautious economic outlook.

Tasmea Limited has completed a fully underwritten A$43 million institutional placement, aiming to accelerate acquisitions, reduce debt, and enhance its chances of joining the ASX 300 Index.

EQ Resources has successfully raised $22.5 million through an institutional placement, aiming to accelerate production and strengthen its financial position at the Mt Carbine tungsten project.

AssetOwl Limited proposes converting $163,411 of debt into 100 million new shares, continuing its strategic debt reduction efforts ahead of shareholder approval.

Norwood Systems has extended its loan repayment deadline to early September 2025, maintaining favorable terms with Balmain Resources. This ongoing financial support has been pivotal in securing key contracts and driving growth.

Netlinkz Limited has reported a significant 43% reduction in net loss for FY25, driven by a strategic exit from China and Japan and a renewed focus on cybersecurity growth in the Philippines through its Securelink Networks joint venture.

RLF AgTech Ltd has reported a remarkable financial turnaround in FY25, with revenues more than doubling and losses narrowing significantly, setting the stage for expansion in FY26.

Oldfields Holdings Limited reported a reduced net loss of $3.6 million for FY2025, improving from $7.3 million the previous year, despite ongoing working capital constraints and a costly product recall. The company is actively pursuing capital investment to replenish inventory and support recovery.

Eden Innovations Ltd reported a 21% revenue increase driven by global sales growth, yet its net loss widened significantly due to prior year asset revaluations and ongoing operational costs. The company is undertaking major financial restructuring including a share consolidation and rights issue to stabilize its balance sheet.