Further margin reduction on $272.5m Senior Finance Facility
| Stock | Pioneer Credit Ltd (PNC.ASX) |
|---|---|
| Release Time | 27 Nov 2025, 9:09 a.m. |
| Price Sensitive | Yes |
Pioneer Credit secures further margin reduction on $272.5m facility
- Pioneer secures 15-basis point reduction in pricing of $272.5m senior finance facility
- Reduction reflects Pioneer's leadership in responsible customer engagement and sustainable business practices
- Newly revised margin lifts annualised pre-tax interest savings to over $3 million
Pioneer Credit Limited (ASX: PNC) has announced a further enhancement to its capital structure, securing a 15-basis point ('bps') reduction in the pricing of its $272.5 million syndicated senior finance facility ('Facility'). This follows the material pricing improvement announced on 27 October 2025. The reduction was secured under the sustainability-linked provisions of the Facility and reflects Pioneer's leadership in responsible customer engagement and sustainable business practices. The newly revised margin of BBSW +435 bps lifts annualised pre-tax interest savings achieved in the past month to more than $3 million. Managing Director, Keith John, stated that Pioneer operates a high-quality servicing platform underpinned by disciplined underwriting and investment skills, and that its funders recognise the strength of its operating model, which is increasingly reflected in its lower cost of funds. Reducing funding costs has been a clear priority for the Company, and it expects to secure further interest savings in the second half of this financial year.