Domain Holdings Updates on Additional Debt Facility & Its Responses to COVID-19

April 27, 2020 12:04 PM AEST
Team Kalkine

Domain Holdings Australia Limited (ASX:DHG) has entered into an agreement with its banking group for an additional debt facility & financial covenant waivers for June and December 2020. Through this, the company has strengthened its liquidity position for new $80 million debt facility for a period of 18 months.

The company has implemented cost initiatives to manage the potential impact of coronavirus.

DHG also provided Q3 FY2020 trading update:

Digital revenue grew 3% during the quarter while 15% in March 2020.
Total revenue improved by 1% while it soared up by 10% in March 2020.

At AEST: 12:02 PM, DHG shares were trading at $2.4, up by 11.628% from the previous close.

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