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Pure Foods Tasmania Secures Loan Extensions and Advances Turnaround Plan Amid Financial Uncertainty
4:27pm on Thursday 13th of February, 2025 AEDT
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Food and Beverage
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Pure Foods Tasmania Secures Loan Extensions and Advances Turnaround Plan Amid Financial Uncertainty
4:27pm on Thursday 13th of February, 2025 AEDT
Key Points
Executed $1.5m Market Rate Loan and $1.6m Better Business Loan extensions with CBA
Restructured equipment finance loans to ease repayment pressures through 2026
Implemented cost-cutting measures including $1.5m annual salary savings and product line rationalisation
Raised $400,000 in additional capital and negotiating asset sales for debt reduction
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Pure Foods Tasmania (ASX:PFT)
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