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Wellnex Life Ltd - Melbourne-based consumer healthcare company - Enters additional loan facility through Reach Wholesale worth up to A$2.5 million, about $1.6 million, and secured over the assets of its key subsidiaries. Notes its 24-month term and interest rate of 14%. Says coupon and key terms match those from the loan facility announced on July 31. Adds that the new facility provides ‘maximum flexibility’ to enable continued growth. Says $1.3 million will be drawn immediately for settling long-term obligations and for working capital purposes. Expects to draw down a further A$365,000 shortly thereafter. Notes the balance of A$825,000 requires prior approval of Reach in their discretion. Current stock price: 13.00 pence, down 3.7% on Friday afternoon in London 12-month change: down 58% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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