GFNZ, formerly Geneva Finance, has funding to repay debentures, end moratorium

Tue, 16 Jul 2013

July 16 (BusinessDesk) – GFNZ Group, the finance company formerly known as Geneva Finance, says it has concluded talks on a series of funding transactions worth $27.5 million that will allow it to repay debenture holders, existing bank and other debt. The core part of the new arrangements is a $30 million securitized debt facility with Westpac Banking Corp, the company said. It also has agreement from a group of investors including two Geneva directors to provide a $5 million debt facility for its Stellar Collections debt collection unit and 3...

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