Sept 7 (Reuters) - Kangaroo Island Plantation Timbers Ltd KPT.AX :
* NEGOTIATED A CHANGE TO ITS DEBT FUNDING AGREEMENT WITH COMMONWEALTH BANK OF AUSTRALIA
* AS A RESULT OF RENEGOTIATION, FIRST TRANCHE HAS BEEN INCREASED BY $8M, FROM $25M TO $33M
* THERE IS PROVISION IN CBA FUNDING AGREEMENT FOR $2M IN WORKING CAPITAL AND EQUIPMENT FINANCE
* KANGAROO ISLAND - 2ND TRANCHE WILL BE REDUCED CORRESPONDINGLY TO $22M