Metroglass refinances and reduces loans as debt falls

Wed, 14 Oct 2020

Metro Performance Glass has refinanced its syndicated banking facilities, extending the term by two years and reducing its size by nearly 30 percent as net debt levels continue to fall.The company said the facility size has fallen to $85 million, including a $10 million stand-by facility expiring in October next year, down from $120 million. The expiry date for the balance has been extended to October 2023 from August 2021.Net debt has fallen by $19.2 million to $47.7 million in the six months ended September, the company said. That followed a...

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