Emeco Holdings (ASX:EHL) has secured a new 5-year AU$355 million revolving syndicated debt facility, including a AU$5 million ancillary guarantee, set to mature in December 2030 with an option to extend for one year, according to a Friday filing with the Australian bourse.
The new facility replaces the company's existing AU$100 million revolving debt, due in 2025, and will refinance its AU$250 million Australian medium term notes, which are set to mature in 2026, per the filing.
The enhanced funding offers increased flexibility for core operations, capital management, and future growth, and was oversubscribed, securing improved terms and pricing, the filing added.