Hamilton Locke acted for OneVentures and Viola Credit in relation to the A$20 million senior debt facility structured as 60% term notes and 40% as convertible notes provided to consumer direct online lender Harmoney, through its wholly owned subsidiary Harmoney Australia. The senior debt facility will be used to accelerate Harmoney’s Australian receivables book growth.
Commenting on the transaction, Zina Edwards said: “We are delighted to have assisted OneVentures and Viola Credit on its investment into Harmoney. This is another great example of the flexibility of venture debt and how it can support fast growing businesses.”
The Hamilton Locke team was led by partner Zina Edwards and senior associate Calyb Soekoe. The team was also supported by partner Guy Sanderson in relation to the capital markets aspects of the transaction.
For more information, please contact Zina Edwards.
