• $125 million refinancing solution with Rockworth Capital Partners
• Repays existing debt facilities and provides additional working capital
• Establishes strong foundation for executing Pan-Asian growth strategy

Elanor Investors Group (ASX: ENN) has announced the completion of a balance sheet recapitalisation with Rockworth Capital Partners. The $125 million refinancing solution comprises a $70 million senior secured debt facility, $55 million perpetual subordinated unsecured capital notes, and 30 million unlisted warrants. The proceeds have been used to repay existing debt facilities, including the Keyview senior facility and Elanor Corporate (FIIG) Notes, as well as provide additional working capital. The recapitalisation significantly reduces the Group's cost of capital and establishes a strong foundation for executing its Pan-Asian growth strategy alongside Rockworth. Elanor will continue to execute its asset realisation program to repay the new debt facilities over time, while working to achieve outcomes in the best interests of its fund investors, securityholders, and other stakeholders. The Group has also released its HY26 results, made submissions to the ASX for the recommencement of trading in ENN securities, and received a new Australian Financial Services Licence for its wholly-owned subsidiary, Group Funds Management Limited, which is proposed to become the new responsible entity of the existing Elanor Investment Fund.

The balance sheet recapitalisation provides Elanor Investors Group with a more efficient and flexible capital structure to support its long-term strategic objectives. No specific financial guidance has been provided.

The recapitalisation establishes a strong foundation for Elanor Investors Group to execute its Pan-Asian growth strategy alongside Rockworth Capital Partners. The Group will continue to focus on asset realisation to repay the new debt facilities over time.