Expanded Financing Facility
Wellnex Life secured additional A$2.5m loan facility from Reach Wholesale at 14% interest over 24 months.
- Additional Facility A$2.5 million
- Interest rate 14%
- Term 24 months
- Immediate drawdown A$1.31 million
- Expected further drawdown A$0.365 million
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Wellnex Life Limited (ASX/AIM: WNX) (Wellnex Life or Company) announces that, further to the Company's announcement on 31 July 2025, the Group has entered into an additional loan facility via Reach Wholesale ("Reach") for up to A$2.5 million (the "Additional Facility"). The Additional Facility, which is secured over the assets of the Group's key subsidiaries, is for a 24-month term at an interest rate of 14% for the term of the Additional Facility. The coupon and key terms are the same terms as the loan facility via Reach announced on 31 July 2025.
The Additional Facility will serve to ensure that the Company has the maximum flexibility available to support continued growth in the business. A$1.31 million is being drawn down immediately under the Additional Facility, which will be applied towards settlement of long-term obligations and towards general working capital. A further drawdown of A$0.365 million is expected shortly. The balance of A$0.825 million requires the prior approval of Reach in their absolute discretion.
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This ASX/AIM announcement has been authorised by the Board of Wellnex Life Limited (ASX/AIM:WNX).
To learn more, please visit: www.Wellnex Lifelife.com.au/
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.