Murray Cod Australia Limited (AU:MCA) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Murray Cod Australia Ltd has secured a $43 million funding package from Westpac, which includes a term loan, overdraft, and equipment finance facility, aimed at refinancing existing debt and fueling expansion plans. This financial boost will assist in purchasing a property adjacent to its Bilbul site, enhancing working capital, and supporting future growth in fish production. CEO Ross Anderson highlighted the significant interest savings and strong financial position the funding provides for executing their strategy.
For further insights into AU:MCA stock, check out TipRanks’ Stock Analysis page.