QuickFee expands Fancourt term loan to A$10 million at a lower margin
QuickFee (ASX: QFE) has completed an additional A$5 million increase to its term loan facility agreement (the “Fancourt Term Loan”) with a fund of Fancourt Capital Group, taking the total facility size to A$10 million. The margin has fallen to 8.1% per annum over BBSY, down from 10.0%.
The facility was initially established in June 2025, as set out in the ASX release of 4 June 2025. The source describes Fancourt as a specialist financial services growth sponsor and investor, and the additional liquidity supports loan book growth and working capital in the business.
The key terms are:
- A 42-month term
- $2.5m drawn upfront
- $2.5m available to be drawn by 28 February 2027
- Warrants issued to Fancourt at a value of $100,000 based on QuickFee’s closing share price on 3 November 2026, equating to 1,282,051 warrants
The warrants will be issued using the Company’s existing capacity under ASX Listing Rule 7.1. Each warrant will be exercisable into one ordinary share of the Company for nil consideration.
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What happens next
- Drawdown of the second tranche is available up to 28 February 2027.
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