[ADELAIDE], 11 DECEMBER 2023
Clean Seas Seafood Limited (ASX: CSS, OSE: CSS, Clean Seas) announces that it has renewed its A$32.15 million funding agreement with Commonwealth Bank of Australia, comprising of the following facilities:
Debt Facility Summary A$'000
Senior Debt (Cash Advance Facility) 14,000
Working Capital (Trade Finance Facility) 12,000
Equipment Finance Facility 6,000
Corporate Card Facility 150
Total Debt Facility 32,150
Maintaining these facility limits at A$32.5 million, along with the two-tranche Placement proceeds of ~A$9.5 million announced on 24 November 2023, will provide funding headroom to support working capital and costs related to the previously announced Operational Review.
For further information please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au