Afterpay Touch sign for US$300m receivables funding facility

Company News

by Rachael Jones

The Afterpay Touch Group (ASX:APT) has signed a US$300 million receivables funding facility with Citi to support the expansion of their business in the United States.

The new facility will provide Afterpay’s US business with access to external funding to support over US$4 billion in annual underlying US sales.

The new US facility complements the Company’s existing $500 million Australian receivables funding facility and NZ$20 million facility.

Shares in Afterpay Touch Group (ASX:APT) are trading 3.28 per cent higher at $27.74 .

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