Argus secures $4.5m in working capital

Argus secures $4.5m in working capital

Print management and logistics service provider Argus Solutions (ASX:ASV) has revealed it has secured roughly $4.5 million in new working capital.

The company has managed to improve its overall rate of collection from its debtors, re-establish commercial trading terms with two of its major suppliers, and agreed to reasonable term payments with two creditors.

As a result of these initiatives, Argus said it was confident it has the necessary short-term funding to enable it to process its back orders and revitalise sales and revenue growth.

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Tags Argus Solutionscapital raisingprint management

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