Keybridge Capital (ASX:KBC) has secured a bridge funding facility of up to AU$9.3 million from WAM Active (ASX:WAA) and related entities to support its recapitalization, according to a Thursday filing with the Australian bourse.
The facility carries an interest rate of 12% per annum, until general security is granted, reducing to 9% thereafter, the filing said.
If extended past its August 31 maturity, the rate increases by a further 2%, the filing added.
The funds will be used for corporate purposes, including working capital, the company said.
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