WZR Bolsters Balance Sheet with $50M Facility
Released
Released
Announcement PDF
ASX RELEASE
Wisr Bolsters Balance Sheet for Growth with $50M Facility
Wisr obtains debt facility from global financial services group Nomura
Sydney, 23 May 2024 - Wisr Limited (ASX: WZR) (“Wisr”, or the “Company”) is pleased to announce it
has executed an agreement for a $50M debt facility to provide additional strength to its balance sheet and
platform to fund loan book growth. The facility, provided by the global financial services group Nomura,
will accelerate Wisr’s path to profitability and see the Company through to a self-sustaining capital
position.
The enlarged facility, compared to the Company’s existing debt facility, will support the Company’s
intention to pivot to loan volume growth in Q4FY24 and beyond. Wisr will draw $35M initially, with part of
the proceeds repaying the existing $25M corporate debt facility. A further $15M will be available to fund
the Company’s ongoing growth plans. The three year facility will be drawn at the head company (Wisr
Limited) level.
Wisr was advised by Neu Capital on the transaction.
Commentary:
Mr Andrew Goodwin, Wisr’s Chief Executive Officer, said, "Wisr is delighted to partner with an institution of
Nomura’s quality and look forward to an ongoing mutually beneficial relationship. The additional balance
sheet strength provided by the facility sees Wisr well placed to pivot to loan volume growth settings in
Q4FY24 and beyond, accelerating our path to profitability and seeing the Company through to a
self-sustaining capital position. The facility is a testament to the debt market’s confidence in Wisr,
including the quality of our prime loan book, our technology and processes, and the strong risk and
operational frameworks in place."
Mr Ignacio Usandizaga, Nomura Australia Head of Financial Institutions, said, “Nomura is excited to
partner with Wisr and support the business through its next phase of growth.”
-endsThis announcement has been approved in accordance with the Company’s Continuous Disclosure Policy and
authorised for lodgement by the Board of Directors.
For further investor enquiries, please contact:
Vanessa Chidrawi
Company Secretary
E: investor@wisr.com.au
W: https://investorhub.wisr.com.au
About Wisr Limited
Wisr (ASX: WZR) is a purpose-built Australian Fintech reimagining the consumer financial journey through the
award-winning Wisr Platform. The proprietary Wisr Platform combines digital lending along with financial tools and
Wisr Limited ACN 004 661 205
55 Harrington Street, The Rocks NSW 2000
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products to help Australians pay down debt, access credit, better understand their financial standing, and make
smarter money decisions. Wisr’s holistic approach to a customer’s financial life, underpinned by technology, expands
the relationship well beyond the transaction, providing better outcomes for customers, investors, and stakeholders.
For more information, visit www.wisr.com.au
Wisr Limited ACN 004 661 205
55 Harrington Street, The Rocks NSW 2000
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