InDaily InDaily

Support independent Journalism Donate Subscribe
Support independent journalism


Hills ties up $51m debt facilities


Adelaide-based Hills Ltd has signed new finance facilities worth more than $50 million.

Comments Print article

The new loans include a $36 million debtor finance facility through Assetsecure, and a $15 million, multi-tranche secured debt from Commonwealth Bank, the company said on Monday.

Hills, the company behind the Hills Hoist clothesline, has in recent years shifted to distributing products including CCTV, security alarms and hospital communications systems.

The company in April said pre-tax earnings in the second half of 2015/16 are expected to be better than the $5.4 million achieved in the first half of the year.


Make a comment View comment guidelines

Help our journalists uncover the facts

In times like these InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to donate to InDaily.

Donate here
Powered by PressPatron


Show comments Hide comments
Will my comment be published? Read the guidelines.

More Business stories

Loading next article