InvestSMART

Beforepay Group Limited (ASX:B4P)

ALERT: Price-sensitive ASX Announcement for B4P
Current share price for B4P : $1.500 0.185 (14.07%)+
Announcement
Release
28 Jul 2026 3:51PM
Price at Release
$1.315
Full Release
download
Summary
Beforepay Group Limited has announced a new $100 million senior secured asset-backed revolving credit facility with Australian Commercial Mortgage Corporation. The facility increases Beforepay's funding capacity by 82%, from $55 million to $100 million, and is expected to reduce annual funding costs by over $1 million. This credit facility will support the expansion of Beforepay’s Pay Advance and Personal Loan products, offering a significant boost to its long-term funding platform. The facility has an initial committed limit of $40 million, with provisions to scale up to the full amount based on mutual agreement, ensuring long-term funding certainty with a three-year term. The announcement highlights the continued confidence in Beforepay's business strategy, aiming to support further loan book growth and operational scalability.
Key Points
  • New $100 million credit facility with Australian Commercial Mortgage Corporation.
  • Funding capacity increased by 82%, from $55 million to $100 million.
  • Expected annual funding cost reduction by over $1 million.
  • Supports expansion of Pay Advance and Personal Loan products.
  • Initial committed limit of $40 million, scalable to $100 million.
  • Three-year term providing long-term funding certainty.
  • Significant additional funding capacity for future growth.
  • Endorsement of the strength of Beforepay’s business strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.