Street Talk

Bain, IFM tip into ScotPac’s $325m refinancing; Affinity nets dividend

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 18, 2025 – 6.41pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

ScotPac, which pitches itself as Australia’s largest non-bank lender to businesses, has finalised a $325 million debt refinancing which paves the way for its private equity owner to pay itself a dividend cheque.

Street Talk can reveal the invoicing and trade finance business has signed a deal to upsize a loan put in place in 2022, after securing commitments from Bain Capital Credit, IFM Investors and MA Financial. The new facility matures in late 2027.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.