Other DebtActive
Pure Asset Management Secured Debt Facility
LOC-Pure
0.04 NZD▲ 4.76%
BTC Holdings
12.299 BTC
Total Debt
4.80M NZD
Leverage
244.7%
mNAV
8.66x
Outstanding
4.00M AUD
Issue date
2022-11-07
Principal
4.00M AUD
Coupon
9.95%
Maturity
2026-11-07
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured
- Facility type
- Term loan
- Rate type
- Fixed
- Covenants
- EBITDA covenants (amended Jul 2023); 2.5% royalty on Locate2u revenues capped at A$750K
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-30 | Draw | 4.00M AUD Facility still fully drawn per FY2025 annual report; total debt A$4.04M |
| 2022-11-07 | Issuance | 4.00M AUD Part of ~A$6M capital raising (with Placement and SPP) to fund Talcasoft acquisition |
- 2025-06-30 — 4,000,000 AUDBalance Sheet
- 2022-11-07 — 4,000,000 AUD