TZ Limited (ASX:TZL) Secures $4M Debt Facility, Finalises Keyvision Acquisition
Acquisition and Financing
TZ Limited (ASX:TZL) has entered into a binding agreement to acquire Keyvision Holdings Pty Ltd for up to $10 million over four years, contingent on revenue and growth milestones. The acquisition is funded by a $4 million senior secured debt facility from Causeway Finance, ensuring a non-dilutive funding structure. Additionally, TZ has partially repaid existing debt with First Samuel, resulting in a total debt of $5.5 million post-acquisition.
Strategic Shareholders
Keyvision principal, Mark Davis, and senior management are acquiring 9.5% of TZ shares from First Samuel. These shares are voluntarily escrowed for three years, demonstrating Keyvision’s confidence in the combined business’s future growth.
Executive Comments
TZ CEO John Wilson commented, “We are excited to have finalised the acquisition of Keyvision and are now focused on embedding the business into TZ’s operations. This marks a significant milestone in our strategy to expand our technology solutions and drive new revenue streams. We look forward to leveraging our international sales network to introduce Keyvision’s offering to a global audience, further enhancing our growth trajectory.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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