Envirosuite extends debt finance facility

Envirosuite Limited (ASX: $EVS) has announced the extension of its debt finance facility with Partners for Growth (PfG) to $12.5m. The facility will support the company's growth, working capital requirements, and transition to profitability, enabling Envirosuite to pursue its organic growth objectives.

CEO Jason Cooper's remarks on the facility extension

We are pleased to announce the extension of the Facility, which remains strategically aligned with our core business objectives: driving growth, creating long-term customer value, and leveraging the increasing opportunity to bundle hardware and software into our Industrial customer contracts. This extension also funds our global inventory and working capital requirements. With this extension, the Company remains funded to pursue sustainable growth in our focus sectors as we transition to profitability. We currently have no plans to raise further capital to fund our organic growth.

Summary of Envirosuite's facility extension

Envirosuite (ASX: $EVS) has extended its debt finance facility with Partners for Growth (PfG) to $12.5m, supporting the company's growth, working capital requirements, and transition to profitability. The extended facility aligns with Envirosuite's core business objectives of driving growth, creating long-term customer value, and leveraging opportunities to bundle hardware and software into customer contracts. Envirosuite remains funded to pursue sustainable growth in its focus sectors as it transitions to profitability, with no plans to raise further capital for organic growth.