April 19 (Reuters) - Lawfinance Ltd LAW.AX :
* SUCCESSFUL RESTRUCTURE AND CAPITAL RAISING-LAW.AX
* NEGOTIATED TERMS FOR GREATER THAN A 90% REDUCTION IN ITS CORPORATE NET DEBT
* AGREED TERMS TO REFINANCE FRONT BOOK SECURED FACILITY
* ARRANGED A NEW DEBT FACILITY OF A$3 MILLION
* RECEIVED FIRM COMMITMENTS OF A$17.2 MILLION UNDER A CONDITIONAL PLACEMENT
* PLACEMENT AT A$0.013 CENT PER SHARE
* EXECUTED DEBT-TO-EQUITY AGREEMENTS WITH MORE THAN 40 LENDERS TO CONVERT ABOUT A$55 MILLION OF CORPORATE DEBT TO EQUITY
* CORPORATE DEBT TO EQUITY AGREEMENTS AT AN AVERAGE PRICE OF $0.037 CENTS PER SHARE