Australia's Hills hits 3-week high on new debt facility

Hills

21/09/2022 02:45

** Shares of Hills Ltd  HIL.AX  rise as much as 12.1% to
A$0.074, set for their best day since Aug 1, if gains hold 
    ** The security and network solutions distributor says it
has entered a new A$6 mln ($4.01 mln) debt facility with
Causeway Asset Management  urn:newsml:reuters.com:*:nFWN30R2BK
    ** Says three-year debt facility enables co to replace its
existing borrowing arrangements
    ** Hills shares hit their highest since Sept 1 
    ** About 231,500 shares change hands, 1.3 times compared
with the 30-day average volume of 178,823 shares 
    ** Hills stock down 47.2% this year, as of last close

    ($1 = 1.4957 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru
)