Briefs: YBR extends facility limit, Lumi raises capital
Yellow Brick Road has secured a senior debt facility limit extension, with an increase from A$200 million to $450 million. The availability period of the senior facility has been extended by 12 months to February 2023. YBR’s funding is through a securitisation joint venture, Resi Wholesale Funding, which is 50 per cent owned by Magnetar Capital. YBR chief executive Mark Bouris said in a statement that amendments to the facility policy and parameters will allow the company to broaden its product offerings.
Small business lender Lumi has raised A$10 million of capital from investors Arbel Fund and Perennial Partners, just two months after raising $20 million. The company said it will use the funds to expand its services and upgrade technology.