The Hamilton Locke finance team has advised Balmain NB Corporation Limited (Balmain) on the successful refinancing of Beforepay Finance Pty Ltd’s (Beforepay) existing debt facility.
Beforepay is a subsidiary of Beforepay Group Limited (ASX: B4P) and is a leading fintech company offering lending solutions to its customers.
Balmain’s new asset-based facility of up to A$100m to Beforepay provides funding to support the continued growth of Beforepay’s ‘pay advance’ and ‘personal loan’ products. Our team also acted for Balmain and the financiers in 2023 in relation to the existing $55m syndicated facility that was refinanced by this transaction.
Commenting on the transaction, Zina Edwards said: “We are pleased to have supported the partnership between Balmain and Beforepay since 2023. The new facility provides capital for Beforepay to expand its loan book and we are excited to follow the continued growth of Beforepay’s business.”
The Hamilton Locke team was led by Zina Edwards (Head of Finance) and supported by Ho Yan Ko (Senior Associate) and Hunter Zhu (Lawyer).
