James Fisher & Sons (GB:FSJ) has released an update.
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James Fisher & Sons plc has successfully secured £95 million in new banking facilities to bolster future growth, including a £75 million Revolving Credit Facility and a £20 million term loan. By selling non-core businesses and improving cash management, the company has significantly reduced its debt, allowing for refinancing on favorable terms. These strategic financial moves have set the stage for the next phase in the company’s turnaround, with a focus on capitalizing on opportunities in the Blue Economy.
For further insights into GB:FSJ stock, check out TipRanks’ Stock Analysis page.
