Viva Leisure Ltd. (AU:VVA) has released an update.
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Viva Leisure Ltd. has announced an expansion of its banking facilities with Commonwealth Bank of Australia, increasing available funding from $118 million to $165 million, with an additional $50 million accordion facility potentially bringing the total to $215 million. These enhanced terms will significantly improve free cash flow, allowing the company greater flexibility for growth strategies, acquisitions, and potential New Zealand market expansion. The improved financial position is expected to support Viva Leisure’s continued strategic growth and provide an additional $70 million in headroom from current borrowings.
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