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Michael Hill International Ltd. ( (AU:MHJ) ) has issued an update.
Michael Hill International has refinanced its existing debt facility on improved margins, extending the term by two years to 31 August 2028 while maintaining its $90 million core facility and $20 million seasonal uplift. The renewed facility, backed by long-term banking partner ANZ and new lender Commonwealth Bank of Australia, reinforces the company’s funding stability and flexibility under standard covenant and guarantee terms, supporting its ongoing operations and growth across its key markets.
The most recent analyst rating on (AU:MHJ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Michael Hill International Ltd. stock, see the AU:MHJ Stock Forecast page.
More about Michael Hill International Ltd.
Michael Hill International Limited is a specialty jewellery retailer founded in 1979 in Whangarei, New Zealand, and now operates 285 stores across Australia, New Zealand and Canada. The company, headquartered in Brisbane, Australia, also runs wholesale and manufacturing divisions and is dual-listed on the ASX and NZX under the code MHJ.
Average Trading Volume: 80,931
Technical Sentiment Signal: Sell
Current Market Cap: A$128.9M
For an in-depth examination of MHJ stock, go to TipRanks’ Overview page.