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 to medium 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.

Talk to us

Daniel Jones Director, Debt Capital Markets

Daniel Jones
Head of Debt Capital Markets

+61 436 944 566
Daniel.Jones@fiig.com.au

FIIG Debt Capital Markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $3.0bn of predominantly unrated bond funding across 80 issues.

The Debt Capital Markets team arranges long term, flexible AUD bond financing for rated and unrated Australian and New Zealand corporates. The DCM team also provides debt advisory services focused on optimising capital structures and diversifying funding options.