Brief: Viva Leisure Announces Acquisitions Of New Locations

Viva Leisure

12/10/2021 02:46

Oct 12 (Reuters) - Viva Leisure Ltd  VVA.AX :
    * ACQUISITIONS AND MARKET UPDATE
    * NEW ACQUISITIONS OF LOCATIONS EXPECTED TO CONTRIBUTE
ADDITIONAL
A$3.5 MILLION TO A$4 MILLION OF ANNUALISED EBITDA
    * TRANSACTIONS ARE EXPECTED TO BE FUNDED USING EXISTING BANK
FACILITIES FOR 50% DEBT AND 50%  EQUITY FROM CASH RESERVES
    * ANTICIPATES THAT PENT-UP DEMAND FOR MEMBERSHIPS AND ACCESS
TO
THE FACILITIES TO  CONTINUE FOR THE REST OF THE WEEK IN NSW

Source text for Eikon:  ID:nASX2xfWgD 
Further company coverage:  VVA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))