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EVZ LIMITED — Capital/Financing Update 2017
Feb 19, 2017
64889_rns_2017-02-19_2d9c93fc-c841-4e4b-b6d9-1daf432622db.pdf
Capital/Financing Update
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20 February 2017
EVZ LIMITED ABN 87 010 550 357 ACN 010 550 357
The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000
Debt Reduction
The Directors of EVZ Ltd (ASX: EVZ) are pleased to announce that the Group has negotiated an interest bearing debt reduction with its Financier the Commonwealth Bank of Australia (CBA).
Under the amended facility the CBA has agreed to write down its existing interest bearing debt from $13,285,000 to $9,000,000, a reduction of $4,285,000. The write down is effective immediately.
In addition, the CBA has also agreed to extend the Groups banking facility to 30 June 2018.
As part of these negotiations the Group’s Contingent Liability Facility with the CBA has been reduced by $457,500 to $2,790,000.
EVZ Ltd continues to pursue alternative strategies to further improve its remaining debt and capital position and shareholders will be advised of any developments.
For further information please contact: Scott Farthing Chief Executive Officer EVZ Limited Tel: +61 3 9545 5288 Mob: +61 411 117 403 Email: [email protected]
About EVZ Limited (ASX: EVZ)
EVZ Limited is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of power generation, bulk storage tank design, engineering and construction and stormwater management through subsidiaries TSF Engineering, Brockman Engineering and Syfon Systems. For further information please visit our website www.evz.com.au
EVZ Limited – 22 Hargreaves Street, Huntingdale Victoria 3166, PO Box 1070 Huntingdale, Victoria 3166
Tel: +61 3 9545 5288, Fax: +61 3 9542 6061