Smart Parking (ASX:SPZ) signed a debt facility agreement with HSBC Australia for corporate purposes and permitted acquisitions, according to a Thursday filing with the Australian bourse.
The debt financing consists of a AU$10 million three-year revolving facility, a AU$10 million multi-currency accordion facility, a letter of credit facility, and a credit card facility, the filing said.
The facilities are secured by way of all asset security granted by the company and its units, the filing said.
Smart Parking's shares rose past 3% in recent Thursday trade.
Price (AUD): $0.91, Change: $+0.03, Percent Change: +3.42%
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