Axsesstoday Limited announced that the $200 million Securitisation Warehouse Facility established to support the company's rapid growth across the hospitality and transport segments is now operational. On 30 April 2018, Axsesstoday placed over $150 million in receivables into the SWF, which is expected to reduce funding costs, improve capital efficiency and underpin further market share gains. Macquarie Bank Limited (Macquarie) is the provider of the SWF. As previously reported, the SWF has a revolving term of twelve months and is comprised of $200 million in senior bank funding provided by Macquarie. This is supplemented by subordinated mezzanine and equity notes held by Axsesstoday to provide stable backing to the SWF in its initial growth phase. As planned, the Company has refinanced its corporate debt facility limit from $175 million to the targeted level of $65 million, reducing its reliance on bank loans. The SWF's total funding capacity is approximately $280 million and the company expects to build the balance to approximately $200 million through new originations over the next six months as the company's market share expands in the core hospitality and transport segments. As the utilisation of the SWF grows, reductions in equity capital requirements and funding costs are expected to deliver considerable long-term value to Axsesstoday shareholders.