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Farm Pride Foods Limited ( (AU:FRM) ) just unveiled an update.
Farm Pride Foods Ltd has secured a new $27.57 million finance facility with National Australia Bank, aimed at refinancing existing debt and investing in capital initiatives and infrastructure improvements. This move is expected to strengthen the company’s capital structure and support its operational growth, offering a lower cost of funds compared to previous arrangements, thus enhancing its market positioning.
More about Farm Pride Foods Limited
Farm Pride Foods Ltd is a leading vertically integrated egg company listed on the ASX. It specializes in farming, processing, and marketing a variety of egg and egg-related products. The company is focused on meeting the growing demand for cage-free eggs and maintains strong relationships with supermarkets and industrial food manufacturers. Farm Pride is committed to high standards of environmental, social, and corporate governance, being the only egg company in Australia to produce its own egg cartons from recycled materials.
Average Trading Volume: 46,826
Technical Sentiment Signal: Buy
Current Market Cap: A$56.54M
See more insights into FRM stock on TipRanks’ Stock Analysis page.