Debt Repayment Update
ASX Statement 27 April 2020 ASX Code: AU1
Debt Repayment Extension The Agency Group Australia (ASX:AU1) (“The Agency” or “the Company”) wishes to provide an update to the market on the refinancing of its primary bank debt, which was extended to 24 April 2020 (refer ASX Announcement dated 15 April 2020, titled ‘Debt Repayment Extension’).
Its current funder, a tier one Australian bank (“the Debt funder), has remained supportive of the Company and has further extended the facility to 1 May 2020 pending the formalisation of agreements to extend to the 30 September 2020. The Company confirms that all existing conditions will remain the same up to 1 May 2020.
The Agency boasts significant assets, with a rent and mortgage book valued at considerably more than the current debt levels.
Stuart Usher
Company Secretary
For further information, please contact:
Investors Media The Agency Australia Ltd Chapter One Advisors Paul Niardone David Tasker / Colin Jacoby T: +61 08 9204 7955 T: +61 433 112 936 / +61 439 980 359