According to Zip, the transaction will strengthen its balance sheet and reset its capital structure. Furthermore, paying down hundreds of millions worth of debt will provide flexibility and liquidity to 'pursue further growth'. The corporate debt facility has a limit of $150 million, and Zip had drawn down $130 million of it as of 30 June 2024. The debt's maturity is set for December 2027, more than three years away.
https://www.********.au/2024/07/17/zip-shares-frozen-amid-267-million-debt-wipe-plans/
According to Zip, the transaction will strengthen its balance...
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$1.70 |
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