Brief: DUG Technology Announces Extension Of CBA Facilities To 1 July 2024

DUG Technology

01/06/2022 02:33

June 1 (Reuters) - DUG Technology Ltd  DUG.AX :
    * EXTENSION OF COMMONWEALTH BANK OF AUSTRALIA FACILITIES TO
1 JULY
2024
    * REPAYMENT OF US$7 MILLION ON TERM LOAN FACILITY, REDUCING
FACILITY TO US$4.5 MILLION BY 30 JUNE
    * CONTINUATION OF WORKING CAPITAL FACILITIES WITH AN A$1
MILLION
OVERDRAFT AND US$1 MILLION BANK GUARANTEE FACILITY
    * FLEXIBILITY TO FINANCE NEW ASSET PURCHASES
    * EXPECTS TO GENERATE POSITIVE OPERATING CASH FLOWS OVER H2
OF
2022 FY FOLLOWING SAVINGS IDENTIFIED IN RECENT RESTRUCTURE

Source text for Eikon:  ID:nASX9ll94D 
Further company coverage:  DUG.AX 

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