Nido Education Extends Loan Facility by 12 Months
Key points
- Loan facility extended by 12 months
- Additional $10 million in funding
- Bank guarantee facility increased to $17.5 million
Full summary
Nido Education Ltd, an owner and operator of early childhood education services, has successfully extended its existing banking facility with NAB by 12 months, now due to expire in February 2028. The extension includes an additional $10 million in funding and raises the bank guarantee facility from $15 million to $17.5 million. This re-financing strengthens Nido's balance sheet, enhances financial flexibility, and supports its growth strategy in quality early education services across Australia. The company currently owns and operates 631 early education services, employing over 1,750 staff across five states and territories.
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