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Comms Group Ltd. (Australia) ( (AU:CCG) ) has shared an update.
Comms Group Limited has secured an offer from a major Australian bank to refinance its existing term loan under improved commercial terms. This refinancing includes an additional undrawn term loan for future acquisitions, a new equipment leasing facility, and options to replace current facilities. The agreement, expected to be finalized by early December 2025, offers better pricing and flexibility to support the company’s strategic initiatives, enhancing its operational capabilities and market positioning.
More about Comms Group Ltd. (Australia)
Comms Group Limited is an Australian company specializing in cloud-based communications and secure managed IT solutions. It offers a comprehensive range of advanced communications, collaboration, and IT solutions from the cloud, focusing on secure managed IT solutions, modern workplace offerings, managed services, cloud hosting, cloud communications, CPaaS, and UCaaS. The company caters to Australian SMEs and corporates, providing unified communications solutions, cloud business phone services, and extensive connectivity solutions. It also supports international business with global unified communications and wholesale voice services.
Average Trading Volume: 525,497
Technical Sentiment Signal: Hold
Current Market Cap: A$34.7M
See more insights into CCG stock on TipRanks’ Stock Analysis page.