• Nuchev establishes $4 million unsecured working capital facility
• Facility funded by substantial shareholder H&S Global Holdings
• Provides additional flexibility to support current growth plans

Nuchev Limited (ASX: NUC) has announced that the company has established a $4 million unsecured working capital facility (Facility) funded by a Substantial Shareholder of the Company, being H&S Global Holdings Pty Ltd ATF the H&S Investment Unit Trust (H&S). The Facility has been established to assist the Company to fund its working capital requirements and to support ongoing business expansion and growth plans across the group in the short to medium term. The key commercial terms of the Facility include a total facility limit of $4 million, an unsecured structure, a maturity date of 31 March 2028, and an interest rate of the Bank Bill Swap Rate (BBSW) plus a margin of 10% per annum. The Company has advised that the Facility is a related party transaction, but the Board has determined that it is on arm's length terms and, accordingly, shareholder approval is not required. The establishment of this Facility provides Nuchev with additional working capital flexibility to support the execution of its current growth plans across the group, and the Company values and appreciates the ongoing support of H&S in providing this facility.