Latest Lending News

QuickFee Limited reports mixed Q4 FY25 results with solid growth in US Pay Now and Australian Finance, offset by a significant US Finance decline due to credit impairment. The company completes a major refinancing and capital raise while maintaining FY25 earnings guidance.

QuickFee Limited has completed a significant A$118 million debt refinancing and successfully raised A$1.25 million through a share placement, alongside announcing a new Share Purchase Plan to support its expansion in the US and Australian markets.

Coronado Resources has locked in a $150 million asset-based lending facility with Oaktree affiliates, refinancing existing debt and funding key coal production expansions amid a challenging market.

Freehill Mining has produced a high-grade magnetite concentrate of approximately 66% iron from its Yerbas Buenas mine bulk sample, setting the stage for renewed mining operations in Chile.

Kingston Resources reports exceptional high-grade gold and copper intercepts from underground drilling at Mineral Hill’s Southern Ore Zone, revealing significant potential to expand the mine’s resource base and extend its life.

Pepper Money Limited has announced a fully franked special dividend of 12.5 cents per share, reflecting its robust cash position and ongoing capital management strategy. The payout totals approximately $55.5 million, with key dates set for June and July 2025.

Raiden Resources is expanding its Phase 2 drilling at the Vuzel Gold Project in Bulgaria, doubling the planned meters after every hole has revealed near-surface gold mineralisation. This move aims to better define the system and push towards a maiden resource.

Judo Capital Holdings Limited reaffirmed its FY25 guidance at its 2025 Investor Day, highlighting strong lending growth, a maturing technology platform, and a focused strategy to optimize its SME banking model.

Resimac Group Limited has announced a fully franked special dividend of 12 cents per share following a strategic review and sale of non-core assets, signalling disciplined capital management and shareholder value focus.

Cash Converters has secured a £12 million growth facility from Lloyds Bank and agreed to acquire 10 UK franchise stores, marking a significant step in its UK expansion strategy.

Ballard Mining Limited is set to raise $25-$30 million through an IPO to advance the Mt Ida Gold Project, boasting a 1.1 million ounce resource and significant exploration upside. The move follows a strategic demerger from Delta Lithium, positioning Ballard as a focused gold developer with an experienced leadership team.

Metrics Master Income Trust (ASX:MXT) has launched a fully underwritten wholesale placement to raise up to A$315 million, aiming to fund portfolio growth and diversification. The placement, priced at A$2.00 per unit, will see new units issued and trading commence in early June 2025.