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Acrow Formwork and Construction Services Limited ( (AU:ACF) ) has provided an announcement.
Acrow Limited has expanded its debt facility with Westpac Banking Corporation by $20 million, increasing its total facility limit to approximately $170 million. This expansion provides the company with enhanced financial flexibility and supports its recent acquisitions, ensuring a strong balance sheet and cash flow flexibility with a pro forma headroom of approximately $40 million.
More about Acrow Formwork and Construction Services Limited
Acrow Limited is a leading provider of smart integrated construction systems in Australia, specializing in formwork, industrial access, and commercial scaffolding. With over 80 years of experience, the company offers a range of solutions including falsework, shoring, screen solutions, and jacking systems, aiming to expand its presence in the civil infrastructure market.
YTD Price Performance: -7.26%
Technical Sentiment Signal: Hold
Current Market Cap: €181.1M
For a thorough assessment of ACF stock, go to TipRanks’ Stock Analysis page.
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