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GenusPlus Group Ltd. ( (AU:GNP) ) has provided an announcement.
GenusPlus Group Ltd has secured a new A$429 million secured revolving syndicated facility with Commonwealth Bank of Australia, HSBC and National Australia Bank, replacing its previous A$147 million club facility. The three-year multi-option facility significantly expands the company’s funding capacity, providing greater financial flexibility to support its ongoing growth strategy amid favourable industry conditions, and, together with existing surety bond facilities, creates substantial headroom for future expansion and capital needs.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$7.50 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is an Australian specialist in power and communications infrastructure and services, designing, building and maintaining electrical transmission and distribution networks, substations and battery systems across the country. The company helps customers integrate new generation technologies into traditional grids to support a carbon-neutral economy, and also delivers integrated fixed and wireless communication network solutions backed by real-time network management expertise.
Average Trading Volume: 242,639
Technical Sentiment Signal: Buy
Current Market Cap: A$1.14B
See more insights into GNP stock on TipRanks’ Stock Analysis page.