ASG Amends Syndicated Facility Agreement
Key points
- Increased facility limit by AUD$85 million to AUD$435 million
- Extended maturity of Facility 1 and Facility 2 to 4 years
- Improved certain financial covenant terms
Full summary
Autosports Group Limited (ASX: ASG) has amended its existing AUD $350 million Syndicated Facility Agreement with Commonwealth Bank of Australia, Westpac Banking Corporation, BMW Australia Finance Limited, and Mercedes-Benz Financial Services Australia Pty Ltd. The amendment increases the total aggregate facility limit by AUD$85 million to AUD$435 million, extends the maturity of Facility 1 and Facility 2 from 3 years to 4 years, and improves certain financial covenant terms. The increased limit is allocated as follows: Facility 1 and Facility 2 increased from AUD$250 million to AUD$335 million in aggregate, and Facility 3 remains unchanged at AUD$100 million. Financial close is expected around mid-June 2026.
Guidance
Increased facility limit by AUD$85 million to AUD$435 million
Outlook
The amendment aims to support future growth initiatives by providing additional financial flexibility.
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