Eureka Upsizes Debt Facilities with National Australia Bank, Westpac

MT Newswires Live

May 01, 2025

Eureka Group Holdings (ASX:EGH) refinanced and upsized its existing AU$101 million debt facilities into a AU$180 million multilateral facility provided by National Australia Bank (NAB) and Westpac Banking, according to a Thursday filing with the Australian bourse.

The upsized facility is split into periods of three, five, and seven years. It also has an annually renewable AU$5 million working capital facility. The loan bears a maximum loan-to-value of 55% and an interest coverage ratio above 2 times.

As a result of its upsized loan, Eureka has repaid its existing facility of AU$49.5 million with NAB.

PwC Debt & Capital Advisory and Dentons were Eureka's advisers related to the transaction, while King & Wood Mallesons advised the lending firms.

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It also has an annually renewable AU$5 million working capital facility. The loan bears a maximum loan-to-value of 55% and an interest coverage ratio above 2 times.</p><p>As a result of its upsized loan, Eureka has repaid its existing facility of AU$49.5 million with NAB.</p><p>PwC Debt &amp; Capital Advisory and Dentons were Eureka's advisers related to the transaction, while King &amp; Wood Mallesons advised the lending firms.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2532012200","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532012200","pubTimestamp":1746062907,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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