• PAC enters $25.1M senior secured loan facility with portfolio company IFP
• Facility includes refinance and growth acquisition components
• Demonstrates PAC's ability to support portfolio company growth

Pacific Current Group Limited (ASX:PAC), a global multi-boutique asset management firm, has announced that it has entered into an agreement to provide a US$25.1 million Senior Secured Loan Facility to an existing portfolio company, IFP Group, LLC (IFP). The Facility will be drawn progressively rather than in full at closing and includes a refinance facility to retire existing indebtedness as well as a growth acquisition facility to support IFP's acquisition of advisor books, transition packages, and other agreed growth initiatives. The Facility has a four-year bullet maturity and is secured by a first-ranking charge over all borrower assets. Pricing is linked to leverage, with a base interest rate of 10% per annum. The growth acquisition facility is available for 36 months following closing and is drawn on a transaction-by-transaction basis, subject to lender approval and strict use-of-proceeds controls. PAC Managing Director, Michael Clarke, stated that the transaction demonstrates PAC's ability to support the growth of portfolio companies while securing an attractive senior credit position that complements PAC's existing equity investment.