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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has provided an announcement.
Matrix Composites & Engineering Ltd has secured a new facility agreement with National Australia Bank to refinance and expand its existing debt facilities. This includes a $7.5 million term loan, a $5 million Trade Finance facility, and a $20 million Bank Guarantee facility, enhancing the company’s financial flexibility and capacity to support its growth pipeline. The new agreement reflects confidence in Matrix’s future, offering improved liquidity and reduced costs, positioning the company to capitalize on upcoming opportunities.
The most recent analyst rating on (AU:MCE) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd specializes in the design, engineering, and manufacture of composite and advanced material technology solutions for various industries including oil and gas, civil and infrastructure, resources, defence, and transportation. With over 20 years of experience, the company is recognized as an industry leader and a major exporter of Australian goods and services globally.
Average Trading Volume: 269,533
Technical Sentiment Signal: Hold
Current Market Cap: A$57.29M
For an in-depth examination of MCE stock, go to TipRanks’ Overview page.