Australia's Health And Plant Protein Group surge on extending debt facility

Health and Plant Protein

09/08/2022 04:52

** Shares of Health And Plant Protein Group  HPP.AX  climb
as much as 8.4% to A$0.090, hitting their highest since June 25 
    ** The ginger and macadamia-based products maker says its
unit MacFrams LLC has agreed to increase its existing debt
facility with U.S. firm AgCredit, FLCA to $10 million from $8
million  urn:newsml:reuters.com:*:nASM000MKY
    ** Says increased debt facility will provide bigger headroom
for working capital requirements as it heads into a new harvest
season
    ** Shares see biggest intraday jump since July 25 - if gains
hold 
    ** Stock has fallen 56.3% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))