Prospa Declares New Junior Funding Partner

  • Dec 23, 2019 AEDT
  • Team Kalkine

Prospa Group Limited (ASX: PGL) announced the initiation of a new Junior Funding Partner into one of its Australian Warehouse Facilities that provides small business loans as well as line of credit facilities.

The initial capacity of the Junior Note facility is $20 million and is designed to seamlessly scale up over time as the company extends its Australian operations.

PGL has entered into partnership with top-tier local Junior Funding Partner having deep knowledge of the Australian securitisation market and a long-term interest in supporting Australian small businesses and this Junior Funding Partner has subscribed to Class B Notes in the warehouse facility.

The transaction represents an important component of company’s long-term capital management strategy and will enable PGL to deploy ~17.8 million of capital.

At AEDT 1:15 PM, PGL shares are trading at $1.770, up 4.118% from its previous close.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK