• Receives $122.5M new debt facility from NAB
• Interest rate reduced from 15% to ~7%, saving over $6.5M annually
• Enhances balance sheet for potential EBITDA-accretive acquisitions

Intelligent Monitoring Group Ltd (ASX: IMB) has announced that it has received full documentation for a new $122.5 million debt facility with National Australia Bank (NAB). This new facility will replace the company's existing acquisition debt facility, which carried an interest rate of 15%. The new facility will reduce IMG's interest rate to approximately 7%, resulting in a significant annual interest expense saving of over $6.5 million for shareholders. Post-refinancing, IMG expects its Gross Debt to EBITDA ratio to be around 2.2x, well within the 3.25x covenant ratio for the facility term. The new debt facility includes a replacement term debt facility, a new acquisition facility, and a bank guarantee facility. This deal makes NAB IMG's principal banking partner going forward. The company expects to have the new facility implemented by the end of March 2025 at the latest. Managing Director Dennison Hambling stated that this is a significant milestone for IMG on its journey to becoming Australia's premier security services business, as the reduced interest expense will significantly benefit shareholders. The enhanced balance sheet also provides IMG with up to $37.5 million in additional firepower for potential EBITDA-accretive acquisitions, should they make financial and strategic sense.

The new $122.5 million debt facility from NAB will reduce IMG's interest rate from 15% to approximately 7%, resulting in an annual interest expense saving of over $6.5 million.

The new debt facility enhances IMG's balance sheet firepower by up to $37.5 million (with existing cash on hand of >$20 million) for potential EBITDA-accretive acquisitions, should they make financial and strategic sense.