Embattled lender MoneyMe Limited is in talks to overhaul its funding arrangements ahead of a planned capital raising. Shares in the underperforming company were placed in a trading halt on Tuesday after it revealed negotiations for establishing a new debt facility had reached a delicate stage. “The company is currently engaged in confidential, commercially sensitive and incomplete negotiations with multiple parties in respect of this capital solution but is not presently in a position to make an announcement to the market with respect to these matters,” MoneyMe told the ASX. “Accordingly, the company requests this trading halt to ensure the market is not trading on an uninformed basis while these negotiations continue and are finalised.” MoneyMe is under pressure to repay A$25 million to its existing debt funder, Pacific Equity Partners. MoneyMe’s chief executive Clay Howes told shareholders at the company 2022 AGM that the $25 million repayment was due before the end of the 2023 calendar year. Investor support for the company collapsed last year after a blow out in loan impairments drove it to a $50 million loss. The company’s share price has been pummelled since January 2022 when it was trading above $2. The share price hit a record low of 10.5 cents on Monday.