• Renegotiates financial covenant thresholds with Commonwealth Bank
• Reduces trade finance facility limit due to Dunlop Distribution Agreements termination
• Waiver granted for previous non-compliance with financial covenants

NTAW Holdings Limited (ASX: NTD) has entered into an amendment deed with the Commonwealth Bank of Australia in relation to its finance facilities. The company was previously in discussions with the Bank to have any possible breach of its financial covenants waived and to renegotiate the covenant thresholds to accommodate for the present trading conditions. NTAW has now concluded those discussions, with the Bank waiving the Group's non-compliance with the financial covenants and new covenant thresholds being agreed. The company's finance facilities include a trade finance facility, the limit of which was increased in September 2024 to fund the purchase of Dunlop inventory. However, due to the recent termination of the Dunlop Distribution Agreements, the trade finance facility limit has now been reduced from $93 million to $85.4 million, with a further $12.4 million reduction by 31 July 2025. These reductions will return the trade finance facility limit to the level that existed prior to the Dunlop Distribution Agreements.