News: DUG DUG Technology Announces Extension Of CBA Facilities To 1 July 2024

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    June 1 (Reuters) - DUG Technology Ltd (DUG) :

    • EXTENSION OF COMMONWEALTH BANK OF AUSTRALIA FACILITIES TO 1 JULY 2024
    • REPAYMENT OF US$7 MILLION ON TERM LOAN FACILITY, REDUCING FACILITY TO US$4.5 MILLION BY 30 JUNE
    • CONTINUATION OF WORKING CAPITAL FACILITIES WITH AN A$1 MILLION OVERDRAFT AND US$1 MILLION BANK GUARANTEE FACILITY
    • FLEXIBILITY TO FINANCE NEW ASSET PURCHASES
    • EXPECTS TO GENERATE POSITIVE OPERATING CASH FLOWS OVER H2 OF 2022 FY FOLLOWING SAVINGS IDENTIFIED IN RECENT RESTRUCTURE
 
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Last
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