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Humm Group (ASX:HUM) announces pricing of $427M ABS transaction

Heidi Cuthbert
Written by: Heidi Cuthbert

Australian company Humm Group (ASX:HUM) has priced $427M of asset-backed securities, backed by commercial receivables.

The buy now pay later company says despite challenging market conditions, the transaction was upsized from its initial $350M offering.

The issuance brings the total support for Humm's flexicommercial portfolio beyond $1.9B.

The transaction provides additional funding capacity and boosts capital efficiency, allowing Humm to continue growing its flexicommercial business.

 

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