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ENERGY ACTION LIMITED — Capital/Financing Update 2023
Aug 30, 2023
64812_rns_2023-08-30_c33c19ff-0487-4ad2-9f59-cf0b7523cdeb.pdf
Capital/Financing Update
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CBA Facility amendment
31 August 2023 (SYDNEY) :
Energy Action (ASX:EAX) (the Company ) is pleased to announce that the Commonwealth Bank of Australia ( CBA ) has agreed to amend the Facility Agreement ( Agreement ) financial covenants and debt repayment profile.
Commenting on the amendments, Energy Action’s Interim CEO Bruce Macfarlane said, “We are thankful to the CBA for their continued support of the Company. The amendments will allow the Company to progressively de-leverage the balance sheet while also supporting the growth of the business, as can be seen from our most recent 2023 financial results.”
The Company will provide an update to the market with respect to the new Agreement terms in late September 2023.
This announcement has been approved for release by the Board.
For further information, please contract:
Murray Bleach Chairman 1300 553 551
Bruce Macfarlane Interim CEO 1300 553 551
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Energy Action Ltd | Level 5, 56 Station Street, Parramatta NSW 2150 Tel: 1300 553 551 | [email protected] | www.energyaction.com.au | ABN: 23 103 365 199