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Quintis receives $US20m lifeline

Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.

Shares in Perth-based Quintis have been suspended since May while it continues discussions with a number of parties over potential debt and equity transactions to recapitalise the business.

The company will enter into a note agreement with existing lenders that will allow it to issue up to $US15 million of series A notes and $US5 million series B notes.

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Quintis (QIN)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Share Transactions

23/03/17
$59k Bought
19/12/16
$0 Issued
02/09/16
$100k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

39th↑Finbar Group$125.8m
40th↑Veris$107.9m
41st↓Quintis$97.4m
42nd↑Kresta Holdings$87.8m
43rd↓Neptune Marine Services$82.6m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Quintis

111thAlistair Stevens$769k
477thQuentin Megson$299k
248thDalton Gooding$293k
Ranked by total remuneration from all listed WA companies

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