Pioneer Credit Limited announced that it expects to receive AUD 200 million in funding from Fortress Investment Group LLC
Pioneer Credit Limited announced that it has entered into agreements with Fortress Investment Group LLC for a AUD 200 million, four-year senior revolving debt facility on November 1, 2021. The transaction will take place in tranches, tranche 1 will be of AUD 125 million and tranche 2 and tranche 3 will be an aggregate of AUD 75 million. The debt facility will mature in November 2025. The transaction is expected to close on November 9, 2021.