bullish

Pioneer Credit Ltd - Refinancing completed

197 Views07 Oct 2024 19:00
Issuer-paid
SUMMARY
  • RaaS Research Group has published an update on ethically-motivated, diversified financials group Pioneer Credit (ASX:PNC) following the company's announced new $272.5m four-year syndicated senior finance facility.
  • Our base case valuation has increased to $250m (previously $217m) or $1.94/share due to lower finance costs in FY26 (down $8m to c.
  • $20m) and ongoing.
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