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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 28/09/18

1 year TSR5 year TSR
thThe Go2 People0%0%
38thNearmap163%35%
199thZenith Energy38%0%
500thMMJ PhytoTech-12%0%
701stDreamscape Networks-45%0%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

47th↑Dreamscape Networks$61.7m
48th↑Nearmap$53.8m
49th↑Zenith Energy$51.8m
50th↑MMJ PhytoTech$48.7m
51st-The Go2 People$45.1m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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