• Executed $15M revolving corporate debt facility with leading 'Big-4' bank
• Refinances prior $22.5M facility at lower margin
• Repays $7.5M of prior debt from operating cash flows
• 3-year term with market-standard financial covenants

Harmoney Corp Limited (ASX: HMY) has executed a $15 million revolving corporate debt facility with one of Australia's leading 'Big-4' banks to support further loan book growth and other general corporate purposes. This facility will refinance Harmoney's prior $22.5 million corporate debt facility at a materially lower margin, underpinned by the company's strong profit growth and the credit quality of its underlying loan book. This strong operating performance has also enabled Harmoney to repay $7.5 million of the prior corporate debt from surplus operating cash flows. The new facility has a 3-year term and market-standard financial covenants with no equity or convertible component attached. This facility complements Harmoney's existing ABS and warehouse facilities with 3 of Australia's 'Big-4' banks, which together provide the company with a total warehouse credit capacity of around $1 billion.