Business
Village Roadshow secures $70m to weather COVID storm – NEWS.com.au
Village Roadshow secures $70 million from lenders and Queensland Government to cover costs
Village Roadshow has secured a further $70 million in financing, saying coronavirus restrictions are still causing operations to run on a negative cash basis. In a statement provided to the Australian Stock Exchange on Thursday, the Gold Coast theme park owner said the funding had come from existing lenders and the Queensland Treasury Corporation, with the debt facility intended to cover costs for the next 12 months.
It also announced a minimum $35 million shareholder equity raising in an attem…
-
Noosa News22 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
Noosa News20 hours agoNo matter what happens in his Origin debut, history beckons for rookie maroon Robert Toia
-
Noosa News21 hours agoDefence investigation finds Taipan pilot’s actions possibly prevented further fatalities in crash
-
General18 hours agoDairy farmers devastated by floods across parts of New South Wales