Slovar Limited — Capital/Financing Update 2021

Dec 22, 2021

money3

ACCELERATING GROWTH DRIVES INCREASE IN FACILITY LIMITS

ASX RELEASE

23rd DECEMBER 2021

Money3 Corporation Ltd (ASX: MNY, "Money3" or "the Group") is pleased to announce a 20% increase to the Credit Suisse warehouse debt facility to $300 million, along with a significant reduction in the cost of funds.

Key Highlights of the Credit Suisse facility:

• $300 million warehouse debt facility,
• 10% increase in the debt facility advance rate,
• Reduction in the cost of funds – an additional ~$4.5 million saving per annum when the facility is fully deployed,
• Ability to further expand capacity through Mezzanine funding.

Credit Suisse is one of four major domestic and international banks providing a total $530 million of debt facilities. The Group now has available capital to grow the gross loan book to $950 million.

Money3’s Managing Director and CEO, Mr. Scott Baldwin, said: “We are pleased with the continued support from our funding partners as the Group experiences record demand from consumers in the lead up to Christmas. All business units will close out the year at record levels with strong signs of the momentum continuing in the new year.”

“We continue to execute on our well-defined funding strategy with our funding partners, build further capacity to support the growth of our loan book beyond $1 billion.”

Authorised for release by the Board of Money3 Corporation Limited.

-ENDS-

For further information please contact:

Managing Director
Mr Scott Baldwin
+61 3 9093 8255
s.baldwin@money3.com.au

Chief Financial Officer
Siva Subramani
+61 3 9093 8246
s.subramani@money3.com.au

Investor Relations
Simon Hinsley
+61 401 809 653
simon@nwrcommunications.com.au

ABOUT MONEY3 CORPORATION LIMITED (ASX: MNY)

Money3 is a market leading Consumer and Commercial finance company with over 20 years' experience in Australia and New Zealand, having funded over $2.0 billion of vehicles and personal loans. Dominating the used-vehicle finance market, in 2021 the group expanded its product offering into new and commercial vehicle lending, a total market opportunity exceeding $40 billion across both countries. Delivering a unique customer experience from loan application to the final loan payment the group leverages technology to provide a seamless process from a broker, online or directly from a dealer.

Money3 Corporation Limited
ABN 63 117 296 143 | Australian Credit Licence 389 782
40 Graduate Road, Bundoora VIC 3083
+61 3 9093 8255 | info@money3.com.au
Money3.com.au | Investors.Money3.com.au
money3
www.money3.com.au
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