Alliance Aviation Services Limited (ASX:AQZ) has entered into new three year finance facilities with ANZ Banking Group (ASX:ANZ) and the Commonwealth Bank of Australia (ASX:CBA).
The most significant by value is a $70 million Amortising Australian dollar term facility.
Other facilities comprise a $US20 million non-amortising term facility and a $7 million Working Capital Facility.
Alliance Managing Director Scott McMillan says the new facilities reflect the strong position of the company and enhance Alliance’s ability to respond to future growth initiatives.
Alliance Aviation Services posted a net profit of $19.6 million in the 2012 financial year.
AQZ Price at posting:
$1.85 Sentiment: None Disclosure: Held
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