middle.news
Pure Foods Tasmania Secures Loan Extensions and Advances Turnaround Plan Amid Financial Uncertainty
8:08am on Monday 2nd of June, 2025 AEST
•
Food and Beverage
Read Story
Pure Foods Tasmania Secures Loan Extensions and Advances Turnaround Plan Amid Financial Uncertainty
8:08am on Monday 2nd of June, 2025 AEST
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
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Pure Foods Tasmania (ASX:PFT)
OPEN ARTICLE