Murray Cod Australia Limited (AU:MCA) has released an update.
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Murray Cod Australia Ltd has secured a $43 million funding package from Westpac, which includes a term loan, overdraft, and equipment finance facility, aimed at refinancing existing debt and fueling expansion plans. This financial boost will assist in purchasing a property adjacent to its Bilbul site, enhancing working capital, and supporting future growth in fish production. CEO Ross Anderson highlighted the significant interest savings and strong financial position the funding provides for executing their strategy.
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