Aus' Traffic Tech partners with Earlypay to refinance debt facilities; shares up

Traffic Technologies

15/12/2022 01:49

** Shares of Australia's Traffic Technologies  TTI.AX  rise
as much as 6.7% to A$0.016, set to gain most since Dec 9, if
gains hold
    ** The traffic solution provider partners with Sydney-based
Earlypay  EPY.AX  to refinance its existing debt facilities with
improved pricing, flexibility and tenor
    ** Says facility agreements for a new A$10 million ($6.86
million) invoice finance facility and A$5 million trade finance
facility 
    ** More than 304,168 TTI shares change hands, compared with
the 30-day average volume of 228,789 shares
    ** EPY shares were trading down as much as 1.6% today
    ** TTI stock has fallen 48.3% this year, as of last close
($1 = 1.4586 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))