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5G NETWORKS LIMITED. — Capital/Financing Update 2021
Jun 30, 2021
64261_rns_2021-06-30_11c399b7-c6b5-47c6-b808-5abd7f7789b9.pdf
Capital/Financing Update
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Webcentral Group Limited (ASX: WCG) Settlement of $16.6 Million Debt Facility with Commonwealth Bank and $15 Million loan repayment to 5G Networks
ASX Announcement 1 July 2021
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Webcentral is pleased to announce that yesterday it executed formal debt facility agreements in relation to the $16.6 million Debt Facility from Commonwealth Bank of Australia (“CBA”), as previously announced on 21 June 2021.
A $15 million loan repayment to 5G Networks Limited was made yesterday, reducing the outstanding loan balance to approximately $26 million.
The Debt Facility consists of a $15 million Market Rate Loan Facility, a $1.5 million Bank Guarantee Facility and a $0.1 million Credit Card Facility.
For further information contact:
Joe Demase Managing Director [email protected] 1300 10 11 12
Glen Dymond Chief Financial Officer [email protected] 0408 199 712
About Webcentral Group
Webcentral is an Australian owned digital services company who empower more than 330,000 SMB customers to grow and thrive in the online world. Our portfolio of digital services is extensive, with market leading offers across domain management, website development and hosting, office and productivity applications and online marketing.
Our customer focussed heritage has been built on expertise, innovation and personalised service; critical attributes delivered through our culture and embraced by our people. This is demonstrated through more than 25 years of online industry leadership across Australia’s digital foundation brands such as Melbourne IT, Netregistry and WME.
The Webcentral mission is therefore dedicated to leading online success for our customers. We achieve this by building trusted and valued client relationships which enjoy successful business results at each milestone across the customers’ digital journey.
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www.webcentralgroup.com.au [email protected] ABN 21 073 716 793
Level 7, 505 Little Collins St, Melbourne VIC 3000 P: 02 9215 6300