19th Sep 2025 13:21
Wellnex Life Ltd - Melbourne-based consumer healthcare company - Enters additional loan facility through Reach Wholesale worth up to AUD2.5 million, about USD1.6 million, and secured over the assets of its key subsidiaries. Notes its 24-month term and interest rate of 14%. Says coupon and key terms match those from the loan facility announced on July 31. Adds that the new facility provides "maximum flexibility" to enable continued growth. Says USD1.3 million will be drawn immediately for settling long-term obligations and for working capital purposes. Expects to draw down a further AUD365,000 shortly thereafter. Notes the balance of AUD825,000 requires prior approval of Reach in their discretion. Read More
