TZ Limited (ASX:TZL) said its financiers, Causeway Finance, have advanced a bridging loan of AU$750,000 under the same terms as the original finance facility disclosed on March 18 to enable its delivery of product to Microsoft, according to a Friday Australian bourse filing.
Settlement of the Microsoft sales is expected at the end of November, the filing added.
The bridging loan will be repayable on Dec. 31 along with the company's first scheduled debt repayment of AU$2 million.
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