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Autosports Group Limited (ASX:ASG)

ALERT: Price-sensitive ASX Announcement for ASG
Current share price for ASG : $1.630 -0.33 (-16.84%)+
Announcement
Release
1 Jun 2026 8:33AM
Price at Release
$1.960
Full Release
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Summary
Autosports Group Limited (ASX: ASG) has announced an amendment to its existing AUD 350 million Syndicated Facility Agreement. The amendment increases the total aggregate facility limit by AUD 85 million to AUD 435 million, extends the maturity of certain facilities, and improves financial covenant terms to support future growth initiatives. Facility 1 and Facility 2 have increased from AUD 250 million to AUD 335 million in aggregate, while Facility 3 remains unchanged at AUD 100 million. Financial close is expected around mid-June 2026. Autosports Group is Australia's only ASX-listed specialist in prestige and luxury automotive retailing, operating across multiple metropolitan markets in Australia and New Zealand.
Key Points
  • Amendment to Syndicated Facility Agreement with Commonwealth Bank of Australia, Westpac Banking Corporation, BMW Australia Finance Limited, and Mercedes-Benz Financial Services Australia Pty Ltd.
  • Facility limit increased by AUD 85 million to AUD 435 million.
  • Maturity for Facility 1 and Facility 2 extended from 3 years to 4 years.
  • Facility 1 and Facility 2 increased from AUD 250 million to AUD 335 million.
  • Facility 3 remains unchanged at AUD 100 million.
  • Financial close expected around mid-June 2026.
  • Autosports Group operates over 90 businesses across key markets in Australia and New Zealand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.