Credit Corp to acquire Australian ledger book of Collection House Limited
Thursday, 24 Dec 2020
Credit Corp to acquire Australian ledger book of Collection House Limited and increases 2021 guidance
Credit Corp Group Limited (Credit Corp) announces today that it has entered into a binding agreement to acquire the Australian Purchased Debt Ledger (PDL) book of ASX listed Collection House Group Limited (Collection House) for a total consideration of approximately $160 million plus the provision of a shortterm loan of $15 million which is expected to be fully repaid within 9 months. This loan is secured against Collection House’s tax receivables.
View the full Confirmation of Release - CCP - Acquisition of Collection House Australian ledger book