Block Expands Unsecured Revolving Credit Facility to AU$900 Million

MT Newswires Live

01/15

Block (ASX:XYZ) amended its revolving credit agreement, increasing its unsecured credit line to AU$900 million from AU$775 million, with the facility now set to mature on Jan. 14, 2031, according to a Thursday filing with the Australian bourse.

The facility could mature sooner if the company's liquidity would drop below AU$250 million prior to the scheduled maturity of certain notes, per the filing.

The facility is available for working capital and general corporate purposes, and no loans or letters of credit were outstanding at the time of signing, the filing added.

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