The AMA Group increase funds to expand Greenfields sites

Company News

by Rachael Jones

The nation's biggest smash and repair company, the AMA Group (ASX:AMA), has negotiated an increase in its banking facilities with the National Australia Bank (ASX:NAB).

The total value of the debt facilities available to the Company has increased to $100 million.

The Company renegotiated its facilities with NAB to fund its continuing expansion of Greenfields sites and acquisitions.
AMA Group is a leader in the automotive aftercare and accessories market.

Shares in AMA Group (ASX:AMA) are trading 1.44 per cent lower to $1.03
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.