SPC Global Holdings (ASX:SPG) said it secured Commonwealth Bank of Australia (ASX:CBA) as its senior lending partner to provide debt financing worth AU$134 million, according to a Monday Australian bourse filing.
The company completed the transition from Scottish Pacific to CBA as its senior lending partner.
SPC Global Holdings' shares fell almost 8% in recent trading on Monday, while Commonwealth Bank of Australia's shares slipped 1%.
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