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UIL Limited announced on 07 March 2025 that an A$11 million loan facility, previously entered into with Resimac Group Limited on 10 December 2024, has been novated to Pan Pacific Petroleum Pty Ltd, an indirectly wholly owned subsidiary of UIL. UIL Limited has agreed to act as a guarantor for the repayment obligations of Pan Pacific Petroleum Pty Ltd, and the loan's repayment date has been extended to 31 May 2025.
| Date | 7 Mar 2025 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 7331Z |
7 March 2025
UIL LIMITED
(LEI Number: 213800CTZ7TEIE7YM468)
Novation of loan from Resimac Group Limited
Further to the announcement on 10 December 2024 when UIL Limited ("UIL") announced that it had entered into a A$11 million loan facility with Resimac Group Limited, a leading non-bank lender listed on the ASX, UIL today announces that the loan facility has been novated to Pan Pacific Petroleum Pty Ltd ("PPP"). PPP is an indirectly wholly owned subsidiary of UIL. UIL has agreed to act as a guarantor for the repayment obligations of PPP and the repayment date has been extended to 31 May 2025.
Name of contact and telephone number for enquiries:
Charles Jillings
ICM Investment Management Limited
Telephone: 01372 271486