Media company, The Market Herald (ASX:TMH):
announce[d] that [Gumtree], a wholly-owned subsidiary of the Company, has entered into binding documentation with Commonwealth Bank of Australia to, among other things, refinance the vendor loan note between the Company and Adevinta Oak Holdings B.V.
The debt facilities are detailed as:
- a A$46 million term loan facility;
- a A$2 million bank guarantee facility; and
- a A$150,000 corporate charge card facility.