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Bapcor Limited (ASX:BAP)

ALERT: Price-sensitive ASX Announcement for BAP
Current share price for BAP : $0.800 0.38 (90.48%)+
Announcement
Release
12 Aug 2026 8:30AM
Price at Release
$0.420
Full Release
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Summary
Bapcor Limited has announced revised covenant arrangements approved by its lenders for the fiscal year 2027, enhancing financial flexibility to support its business turnaround. The Net Leverage Ratio will increase to 3.5 times adjusted EBITDA by 31 December 2026, reverting to 3.0 times by mid-2027. Additionally, the Fixed Charge Cover Ratio will be reduced to 1.30 times adjusted EBITDA at the end of 2026 and mid-2027, before returning to 1.75 times by the end of 2027. This development supports Bapcor's operational reset and turnaround efforts.
Key Points
  • Revised covenant arrangements approved for FY27.
  • Net Leverage Ratio set at 3.5 times adjusted EBITDA by December 2026.
  • Reverts to 3.0 times adjusted EBITDA by June 2027.
  • Fixed Charge Cover Ratio reduced to 1.30 times at year-end 2026 and mid-2027.
  • Ratio returns to 1.75 times by December 2027.
  • Supports Bapcor's business reset and operational turnaround.
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.