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Hamish Moffat says the funds will also be spent on refinancing existing debts.

Zenith in $40m debt facility

Zenith Energy has completed a $40 million issue of subordinated debt notes through FIIG Securities, with the proceeds to be used for refinancing existing debt, capital expenditure and acquisitions.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
154thZenith Energy87%0%
644thOrbital Corporation-28%19%
677thMCS Services-35%-7%
689thInternational Equities Corporation-39%32%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

62nd↑Zenith Energy$31.4m
71st↑migme$21.5m
72nd-International Equities Corporation$19.5m
74th-MCS Services$18.1m
75th↓Orbital Corporation$17.7m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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