FIIG - The Fixed Income Experts
Case Study - Moneytech

Case Study - Moneytech

Issue Date

April 2015

Amount

$25million

Maturity

17 April 2022

Term

7 years

Coupon

BBSW + 4.65%

About the Issuer

Moneytech is a commercial finance company founded by current CEO and President, Hugh Evans in 2003 providing Trade and Debtor Finance to several thousand small-tomedium size (“SME”) companies in Australia. Moneytech differentiates itself from its competitors through its proprietary technology solution, the Moneytech Exchange, which provides a seamless, transparent and online trade finance facilitation solution.

The issuer need

At the time of Issue, Moneytech was constrained in its ability to grow its receivables book in a sustainable way beyond the limitations imposed by its existing financier. The company was seeking a financing partner to provide additional headroom in its facilities to capitalise on the growth projections over the medium-to-long term.

The FIIG solution

The transaction was FIIG’s first example of providing an intermediate level of capital for a non-bank financial company and was structured to work within the framework of the senior lender’s requirements while allowing the issuer to significantly grow their business.

Erryn Lloyd-Jones - Head of Debt Capital Markets, Private Debt
Erryn Lloyd-Jones
Head of Debt Capital Markets

(02) 9697 8778
Erryn.Lloyd-Jones@fiig.com.au

A proven track record of opening the Australian bond markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.8bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, AUD bond financing for rated and unrated Australian and New Zealand corporates. Our funding solutions enable mid-market corporates and large private companies to diversify their funding options and optimise their capital structures.

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If you would like to learn more about how FIIG can assist in the growth of your business...

  Contact Erryn Lloyd-Jones on
(02) 9697 8778

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