Inabox Group Limited
(ASX:IAB) is pleased to announce a new financing agreement with Commonwealth Bank of Australia (CBA). Under the agreement, IAB will have access to the following facilities:
- M&A facility providing up to $3m for future acquisitions
- Working capital facility of up to $1m
- Existing Anittel finance facility of $3m for Cisco HCS and network equipment
- At a future time, additional finance for up to $4m of additional Cisco HCS and network equipment
The purchases of iVox, Neural Networks and most recently Anittel, have demonstrated that Inabox can successfully grow through acquisition. The M&A facility will be used for acquisitions, which are strategically aligned and accretive for shareholders.
For further information please download PDF attached:
