Proposed Group Debt Refinancing
| Stock | Comms Group Ltd (CCG.ASX) |
|---|---|
| Release Time | 24 Nov 2025, 10:46 a.m. |
| Price Sensitive | Yes |
Comms Group Announces Proposed Debt Refinancing
- Secured offer from major Australian bank to refinance existing Term Loan on improved terms
- Additional undrawn term loan facility to fund future acquisitions
- New equipment leasing facility and replacement of existing trading bank facilities
Comms Group Limited (ASX: CCG) ('Comms Group' or 'the Group') is pleased to announce that it has successfully secured an offer from a major Australian trading bank to refinance the Group's existing Term Loan on improved commercial terms. The offer also includes an additional (undrawn) term loan to assist with the funding of future acquisitions (subject to the acquisition meeting a number of conditions), a new equipment leasing facility and offers to replace facilities currently provided by the Group's existing trading bank. The refinancing delivers significantly improved pricing relative to current facilities and substantial headroom relative to proposed covenants, providing additional flexibility to support operational and strategic initiatives. Comms Group would also like to acknowledge and thank Regal Tactical Credit Fund for the support it has provided in providing the current Term Loan, which was critical to finalising the acquisition of the TasmaNet business. Settlement of the new facilities is subject to completion of formal, binding legal documentation and satisfaction of customary conditions precedent, and is expected to be finalised and signed by early-December 2025.