Successful debt tender saves big money!

When was the last time you REALLY looked at your debt and financing structure? The Australian banking landscape is always changing and clients are often surprised to find out they are being taken for granted.

Big savings, less admin and room to grow……why wouldn’t they be happy?!

BridgePoint Group recently assisted one of its valued clients, Peakbound Holdings Pty Ltd, to run a tender process and negotiate new corporate banking facilities including a term loan and working capital facility.

Peakbound, established in 2010, is a specialist provider of outsourced services to the Australian financial services industry assisting some of Australia’s largest financial institutions in providing customer service and growing their businesses.

The newly implemented banking facilities will work to help Peakbound substantially reduce its funding costs, reduce its internal administration time, allow the company to relocate to new premises and fund the continued growth of the business.

Mike Adams, a director and shareholder of Peakbound is pleased to establish the new banking relationship and is excited about the future of the company. “The new facilities will have a positive impact on our cash-flow and our ability to grow. BridgePoint Group played a significant role in helping us think through our future financing requirements and managing the refinancing process to achieve an outcome that was better than we thought possible”, Mike said.

The Director of BridgePoint Group’s Advisory team, David Kells collaborated with Mike and the PeakBound team to set the parameters for the tender process and manage it to achieve such a successful outcome. David took the time to understand what the Peakbound team’s goal was and they worked to create a solution that works for the growth of their business rather than the growth of the bank.

Do you want these same outcomes for your business? BridgePoint Group will help identify your funding needs, now and for the future.  Find out how easy it is to have us professionally prepare and manage your submission, negotiate with the banks on your behalf and have our legal team review the documents for you.

BridgePoint Group provides Advisory, tax and accounting services to Peakbound. For more information regarding Debt Advisory Services, please click here.

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Mitchell Turnbull

DIRECTOR

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