• Executed new debt facility with National Australia Bank (NAB)
• Facility provides up to $21.1 million for acquisitions and refinancing
• 3-year term with secured financing and financial covenants

Babylon Pump & Power Ltd (ASX: BPP), a specialist resources services provider, has announced that it has executed agreements with National Australia Bank Limited (NAB) to increase its debt facilities. The new NAB facility will provide up to $21,148,332.08 to repay existing term loans totalling $2,696,473.17 and provide for acquisition funding and associated fees. The facility has a 3-year term and is secured by a Registered General Security Agreement (GSA) over all the present and future rights, property and undertaking of Babylon and its subsidiaries. The facility is subject to financial covenants including a Debt Service Cover Ratio of 1.35x, Gross Leverage Ratio of 3.00x reducing to 2.25x on 31 December 2026, and a Shareholder Equity Ratio of 25% increasing to 35% on 31 December 2026. This new debt facility will support Babylon's growth strategy, including the recent acquisition of Matrix Hydro Service and Blue Hire.