Australia's EVZ rises as company bags loan facilities from HSBC Australia

EVZ

17/04/2026 05:28

** Shares of Australia's EVZ Ltd EVZ.AX rise as much as 2.4% to A$0.315, their biggest intraday pct gain since April 9

** The engineering firm says it has executed a new banking facility agreement with HSBC Bank Australia, replacing previous arrangements with Commonwealth Bank of Australia CBA.AX

** Company secures bank guarantee/standby line facility of A$10 million ($7.16 million), an increase from A$7 million secured previously from CBA

** Secures new multiple advance loan facility of A$5 million, corporate card facility of A$0.5 million

** Says loan facility to support needs across co's Energy & Resources, Building products operations

** Stock up 43.2% YTD, including day's moves

($1 = 1.3961 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))