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YBR bulks up its credit facility

Yellow Brick Road has entered into a new debt facility with Commonwealth Bank. It replaces its current A$5 million facility with the CBA with a $12 million bill facility limit.YBR will also have access to $1.8 million for a new ancillary overdraft, a bank guarantee or corporate credit card facility. The term of the facility is three years.YBR said in a statement to the Australian Securities Exchange yesterday that the increased facility will assist in funding two intended acquisitions, including that of Vow Financial Holdings, announced last month.

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