Biome secures news debt facility to support growth

Microbiome health company Biome Australia (ASX:BIO) has announced that its wholly owned subsidiary, Biome Australia Trading, has entered into a $5 million secured debt facility with National Australia Bank (NAB). The company said the new facility would replace the existing debt facility with Tradeplus24 at a significantly improved interest rate. Biome said it will use…

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Future in question for Macau satellite operator

Millions in outstanding loans could mean the end of satellite casino operator Macau Legend Development. Macau satellite casino operator Macau Legend Development (MLD) has posted losses for 2024 totalling HK$667.23 million (£66.7 million/€80 million/$86 million), up from just HK$4.9 in 2023. Net liabilities of HK$2.51 billion, including loans of HK$2.41 billion, “will be due for…

Can personal loans be forgiven with debt relief?

Certain debt relief strategies could result in having a portion of your personal loan debt forgiven, making it easier to manage your finances. Getty Images/iStockphoto When financial pressures mount and debt payments become overwhelming, many people begin searching for potential relief options, like debt forgiveness, which reduces your balance and makes it easier to pay…