February 27, 2020 / 1:39 AM / a month ago

BRIEF-AFT Pharma Says Co On Track To Be Refinanced With 3-Year Term Loan

Feb 27 (Reuters) - AFT Pharmaceuticals Ltd:

* 6-YEAR TERM LOAN FACILITY FROM CRG MATURING ON 31 MARCH ON TRACK TO BE REFINANCED WITH 3-YEAR TERM LOAN FROM LOCAL COMMERCIAL BANK

* EXPECTS NEW FACILITIES TO RESULT IN TOTAL FINANCE COST SAVINGS OF MORE THAN $2 MILLION PER YEAR OVER TERM OF LOAN

* RETAIN OUR GUIDANCE FOR AN FY20 OPERATING PROFIT OF BETWEEN $18.8M AND $21.8M

* ALL FIGURES IN NZ$ Source text for Eikon: Further company coverage:

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