GFNZ Group, the finance company formerly known as Geneva Finance, says it has concluded talks on a series of funding transactions worth NZ$27.5 million that will allow it to repay debenture-holders' and existing bank and other debt. The core part of the new arrangements is a $30 million securitised debt facility. It also has agreement from a group of investors, including two Geneva directors, to provide a $5 million debt facility for its Stellar Collections' debt collection unit. And 33 per cent of share-holders in subsidiary Federal Pacific Group have agreed to provide a $5 million unsecured loan to company parent GFNZ. The new funding arrangements will allow the company to settle all outstanding debt to debenture-holders, repay its facility with BOS International (Australia) and repay funds provided from other investors, on August 1. As a result, GFNZ Group expects to formally exit a moratorium agreed in November 2007, when it owed $132 million to investors- Business Desk