Spenda (ASX:SPX) executed a AU$3 million term loan facility with Capricorn Society for capital expenditure and general working capital purposes, according to a Monday Australian bourse filing.
At its election, the company can draw down the facility in increments of AU$500,000.
The facility is secured by a general charge over specific intellectual property related to Capricorn.
The company's shares fell 14% in recent Monday trade.
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