NEW BANKING FACILITY WITH HSBC
| Stock | EVZ Ltd (EVZ.ASX) |
|---|---|
| Release Time | 17 Apr 2026, 8:19 a.m. |
| Price Sensitive | Yes |
EVZ Secures New $15.5M Banking Facility with HSBC
- New $10M Bank Guarantee/Standby Line Facility, up from $7M
- $5M Multiple Advance Loan Facility for working capital
- $0.5M Corporate Card Facility for operational expenditure
EVZ Limited (ASX: EVZ) has announced that it has executed a new banking facility agreement with HSBC Bank Australia Limited ('HSBC'), effective 17 April 2026. The new facilities replace EVZ's previous arrangements with the Commonwealth Bank of Australia ('CBA') and have been established on improved terms, reflecting the Company's strong operational performance and credit standing. The key highlights of the new banking arrangement include: a Bank Guarantee / Standby Line Facility of $10.0 million, increased from $7.0 million with CBA; a new Multiple Advance Loan Facility of $5.0 million, providing additional working capital flexibility; and a new Corporate Card Facility of $0.5 million. In total, the new HSBC arrangement provides EVZ with committed facilities of $15.5 million. The expanded Bank Guarantee / Standby Line Facility underpins the Company's capacity to support project bid and performance bonds across its subsidiaries, while the Multiple Advance Loan Facility and Corporate Card Facility provide enhanced financial flexibility to support the ongoing needs of the business and its growth aspirations. The transition from CBA to HSBC will be conducted in a progressive and orderly manner to ensure continuity of business operations, and the facilities have been secured on competitive commercial terms with no adverse changes to existing financial covenants.