ADELAIDE], 21 DECEMBER 2021:
Clean Seas Seafood Limited announces that it has renewed its $32.15 million funding agreement with Commonwealth Bank of Australia, comprising of the following facilities:
Debt Facility Summary $'000
Trade Finance Facility 12,000
Equipment Finance Facility 6,000
Cash Advance Facility 14,000
Corporate Card Facility 150
Total Debt Facility 32,150
These facilities will provide sufficient headroom for working capital and will fund planned capital investment projects, including those that will deliver increased production capacity and automation.
Clean Seas CEO Rob Gratton said “These renewed debt facilities will continue to support Clean Seas for future growth through execution of our strategic plan. We are very pleased to continue our strong and long-standing banking relationship with the Commonwealth Bank of Australia.”
For further information please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au