NTAW Holdings Granted Waiver of Financial Covenants
Key points
- CBA agreed to waive any default by means of non-compliance with financial covenants up to 31 December 2025
- NTAW has repaid $11 million of the borrowing facility with additional repayments planned for FY2026
- The overall limit of the borrowing facility with CBA has reduced by $13 million
Full summary
NTAW Holdings Limited (ASX: NTD) has announced that Commonwealth Bank of Australia (CBA) has agreed to waive any default by means of non-compliance with financial covenants up to and including 31 December 2025. This is an extension of the previous waiver period, which was up to 30 September 2025. Since 30 June 2025, NTAW has repaid $11 million of the borrowing facility with CBA, and the overall limit of the borrowing facility has reduced by $13 million. CBA has indicated support to ensure alignment with NTAW's current trading environment, and the borrowing facility remains in place with an expiry date of 30 September 2027.
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