ASG Price sensitive 1 Jun 2026, 8:33 AM

ASG amends Syndicated Facility Agreement

Autosports Group Ltd

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.

Summary generated by a large language model. Please interpret with care.

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