Pacific Current Group Limited announced it has successfully secured a USD 50 million senior secured debt facility provided by Washington H. Soul Panson. The inial amount to be drawn down is USD 30 million. Aer deducon of transacon costs, Pacific Current intends to use the net proceeds to pursue its strong and growing pipeline of accreve investment opportunies.

PAC is confident that these investments will enhance FY23 revenues and earnings. This milestone transacon represents a conservave step to introduce a prudent level of financial leverage in PAC's capital structure in order to opmise shareholders returns and efficiently fund growth. The transacon is also an important first step towards building a strategic relaonship with WHSP to explore mutually beneficial opportunies.