Energy Action (ASX:EAX) renewed its AU$2.5 million fixed-term loan due 2026 with Commonwealth Bank of Australia (ASX:CBA), according to a Wednesday Australian bourse filing.
The new revolving facility has a AU$3 million limit with a final repayment date of April 27, 2028. The company said no repayment is scheduled during the term of the loan.
The new agreement also includes a AU$1.5 million fixed-term loan with a final repayment date of Nov. 30, 2026, and a variable interest rate of about 7.75%, the filing said.
In addition, the bank guarantee of AU$86,000 has been increased to AU$300,000, the filing said.
Commonwealth Bank of Australia's shares were up 1% in recent Wednesday trade, earlier hitting a fresh all-time high.
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