Daily News: June 17, 2019

Westpac Provides $1MM Revolver for Spectur

Australian-listed security technology company Spectur has secured a debt facility of $1 million with Westpac Bank.

The credit approval is anticipated to close prior to the end of FY/19, with finalization and settlement of the facility expected shortly after.

The revolving line of credit will provide an additional source of funds that will enable it to continue pursuing its strategy and secure operating cash flow for fluctuations associated with higher value orders.