• Secures new 5-year A$355 million revolving syndicated debt facility
• Replaces existing A$100 million facility and A$250 million AMTN
• Increased flexibility to manage operational and capital needs
• Facility oversubscribed with improved terms and pricing

Emeco Holdings Limited ('Emeco', ASX:EHL), a leading provider of equipment rentals and rebuild and maintenance services to the mining sector, has announced the finalisation of a new 5-year A$355 million revolving syndicated debt facility, including a A$5 million ancillary (guarantee) facility, maturing in December 2030 with a one-year extension option. This facility replaces the existing $100 million revolving debt facility (maturing in December 2025) and will be used to take out Emeco's $250 million Australian Medium Term Notes (AMTN) which mature in July 2026. The enhanced funding capability will support Emeco's core rental and equipment maintenance businesses, providing increased flexibility in managing the operational and capital needs of the business, whilst also providing flexibility for future growth. The facility was oversubscribed by the bank debt market, which offered improved terms and pricing, reflecting the significantly improved financial condition of the Company and the strength of Emeco's business model. Ian Testrow, Managing Director and Chief Executive Officer of Emeco, stated that the refinancing follows the recent confirmation of Emeco's credit rating by both Fitch and Moody's, and reflects the company's strong operational performance, free cash generation, and focus on cost management and capital discipline.

The enhanced funding capability will support Emeco's core rental and equipment maintenance businesses, providing increased flexibility in managing the operational and capital needs of the business, whilst also providing flexibility for future growth.