Argonaut acted as Financial Advisor to Threat Protect Australia Limited (ASX:TPS) (“Threat Protect” or the “Company”) to successfully introduce and advise on a $36 million of senior secured debt financing (“Debt Financing”) to complete the acquisition of Onwatch Pty Ltd, a successful Eastern states monitoring alarm security business, refinance the existing facility with Macquarie and provide future funding for acquisition growth.
Argonaut sourced the Debt Financing from Soliton Capital Partners Pty Ltd, a subsidiary of SSG Capital Management, which is a Hong Kong-headquartered, Asia-focused special situations investment firm. The key terms of the Debt Financing include an attractive interest rate, flexibility to make early repayments and minimal mandatory repayments over the three year term.
Argonaut is delighted to continue to provide support to Threat Protect and looks forward to our ongoing work with the Company.
Additional information regarding Threat Protect can be found on the company’s website at www.threatprotect.com.au