EPX Signs $3M Revolving Loan Note Facility
Key points
- Facility amount: Up to AUD$3.0 million
- Interest Rate: 12.58% per annum
- Facility Term: 36 months
- Security: Senior Secured lien over Australian and UK entities
- Purpose: General working capital and growth opportunities
Full summary
EPX Limited has entered into a $3.0 million Senior Secured Revolving Loan Note Facility with Partners for Growth VII L.P. The facility will provide up to AUD$3.0 million to support EPX's growth initiatives and working capital needs. The interest rate is fixed at 12.58% per annum, and the term is 36 months. The facility includes a senior secured lien over all Australian and UK entities, interest-only payments during the term, and a repayment of the drawn amount at the end of the term. The facility is intended to support EPX's expansion and acquisition activities, leveraging the company's strong market position and growth opportunities.
Guidance
EPX expects the facility to enhance its growth capabilities and working capital.
Outlook
EPX anticipates leveraging the facility to capitalize on growth opportunities and enhance operational flexibility.
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