AoFrio has announced the acceptance of a $5 million increase to its trade finance facility from BNZ.
The increase brings the facility limit to $10m and will provide the company with greater working capital flexibility.
There will be no change to the interest rate margins, and the banking covenants will remain the same, except for the requirement to test them every six months instead of annually.
As of March 31, 2025, AoFrio had $4.6m in cash at the bank and $3.9m drawn from the BNZ trade finance facility.
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