Australia's Tesserent rises on debt refinancing

Tesserent

23/06/2022 03:26

** Shares of cybersecurity provider Tesserent  TNT.AX  rise
as much as 19.1% to A$0.125, set to gain most since Feb. 25
    ** Tesserent says it completed refinancing existing debt
facilities  urn:newsml:reuters.com:*:nASX958yLN
    ** Existing loan facilities of A$35 million replaced by
market rate loan by Commonwealth Bank of Australia- co
    ** Co says new arrangement will reduce interest cost and
result in an interest saving of over A$6 million on drawn new
debt facilities over next three years
    ** Stock hits its highest value since June 10
    ** More than 4.6 million shares change hands, compared with
the 30-day average volume of about 1.7 million shares
    ** Stock has fallen 38.2% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))