Macmahon Replaces Syndicated Debt Facility

• New $550 million 4-year syndicated debt facility maturing in June 2029
• Replaces existing $330 million facility and $40 million legacy bank facility
• Improved pricing, covenants and terms
• Significantly oversubscribed with new banks joining the syndicate

Macmahon Holdings Limited (ASX:MAH) has finalised a new four-year $550 million Syndicated Debt Facility, maturing in June 2029 with a one-year option to extend. This new facility replaces both the existing $330 million Syndicated Debt Facility (maturing September 2026) and Decmil's legacy $40 million bank facility. The new facility was launched primarily to retire legacy facilities and provides a simplified structure with improved pricing, covenants and terms. The book build of the new facility was significantly oversubscribed and introduced several new banks to the Company. This strong support from banks provided the Company with an opportunity to upsize the facility at favourable pricing, terms and an extended period which provides a robust liquidity buffer. The facility will support strategically aligned growth that delivers targeted Return on Average Capital Employed over the longer term.

The new syndicated debt facility will allow Macmahon to retain a conservative liquidity position whilst still delivering on strategically aligned projects and growth, including its publicly stated Return on Average Capital Employed metrics. The interest from financiers shows the continued confidence of the banking syndicate in the Company's performance as well as the sector and industry more broadly.