Metro Performance Glass secures loan extension ahead of capital raise

The company had a negative working capital of $28.7m in half-yearly earnings. (Image: supplied)

Mon, 23 Dec 2024

Metro Performance Glass has secured an extension on its banking facility out to the end of July next year.In late November, the glass supplier and manufacturer declared net debt increased from $53 million to $55.2m in the six months to Sep 30. The company’s banking facility stood at $75m, of which $62.8m was drawn down and presented as current liabilities with a maturity date of Oct 25, 2024. The company declared a negative working capital of $28.7m.In late October, the facility's maturity date was pushed out to the end of...

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