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Bapcor Completes Debt Refinancing

10 Dec 2021  |  08:38:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Bapcor successfully completes debt refinancing

Bapcor advised that it has successfully refinanced its $270m three-year debt facilities, which were due to mature in July 2022, resulting in an improved maturity profile. It refinanced its debt facilities in order to re-profile the maturity of the existing $270m three-year tranches which were due to mature in July 2022. Following the completion of this $270m refinance, it has continued access to a total $520m debt facility with ANZ, Westpac, MUFG Bank, HSBC and MetLife. There have been no changes to debt covenants and security arrangements, which are in its 2021 Annual Report.

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