Gumtree Australia refinances CBA loan
Key points
- Gumtree Australia refinances CBA loan
- Reduced quarterly repayment requirements
- Facility extended to November 2027
- Additional cashflow for ongoing activities and growth
Full summary
Gumtree Australia Markets Limited (ASX: GUM) has successfully refinanced its existing loan with the Commonwealth Bank of Australia (CBA). The new terms include a reduction in quarterly repayment requirements and an extension of the facility to the end of November 2027. Managing Director Tommy Logtenberg highlighted that this refinancing will provide the company with additional cash flow to support ongoing activities and sales growth. The company continues to value its relationship with CBA.
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