Bapcor Limited (ASX: BAP) has successfully completed the debt refinancing process, which is a significant milestone for the company. Bapcor has refinanced AU$200 million of debt facilities that were due to mature in July 2025. Additionally, the company has increased this debt facility by AU$100 million, resulting in a total of AU$300 million split into tenors maturing in July 2028 and July 2029. The strong lender interest in Bapcor reflects the company's attractive market and business profile, leading to an increase in total available limits and the addition of a new financier to the syndicate.
The refinancing terms are solid, and the pricing, along with an extended maturity profile, bode well for Bapcor's financial position. Following the completion of this debt refinance, Bapcor now has access to a total AU$720 million debt facility with ANZ, Westpac, NAB, Citi, SMBC, and MetLife. This transaction not only strengthens Bapcor's financial position but also provides the company with additional funds for general corporate purposes.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
