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Food Revolution Group Ltd. ( (AU:SPG) ) has shared an announcement.
SPC Global Holdings Ltd has transitioned its senior lending partner to the Commonwealth Bank of Australia, securing $134 million in debt financing. This, combined with a $20 million bond raised earlier, gives the company a total facility of $154 million. The move is expected to save approximately $3 million annually in interest, positioning SPC Global to support its growth initiatives and corporate needs effectively.
The most recent analyst rating on (AU:SPG) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Food Revolution Group Ltd. stock, see the AU:SPG Stock Forecast page.
More about Food Revolution Group Ltd.
SPC Global Holdings Ltd, listed on the ASX, comprises SPC, The Original Beverage Co, Nature One, and Natural Ingredients. The company focuses on providing nourishment and wellness products globally, including packaged fruits, vegetables, ready-made meals, beverages, and wellness shots. With a strong agricultural heritage, SPC Global employs around 800 people and operates in Australia and Asia, aiming for both domestic and international growth.
Average Trading Volume: 74,451
Technical Sentiment Signal: Sell
Current Market Cap: A$85.88M
See more data about SPG stock on TipRanks’ Stock Analysis page.