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EVT Limited (ASX:EVT)

ALERT: Price-sensitive ASX Announcement for EVT
Current share price for EVT : $15.370 2.84 (22.67%)+
Announcement
Release
25 Mar 2026 9:50AM
Price at Release
$12.530
Full Release
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Summary
EVT Limited announced the successful completion of its refinancing process, increasing its main debt facilities to $750 million from the previous $650 million, supplemented by a $15 million credit support facility. This move provides the company with greater financial flexibility as it shifts its earnings towards the Hotel sector. The new three-year debt facilities bear interest at a margin range based on the company's leverage ratio, with a current expected weighted average margin of approximately 1.59%. These facilities are supported by interlocking guarantees and secured by property mortgages, with key financial partners such as Commonwealth Bank of Australia, HSBC, National Australia Bank, and Westpac Banking Corporation actively participating.
Key Points
  • EVT Limited completed a refinancing process.
  • Main debt facilities increased to $750 million.
  • Debt facilities include a $750 million revolving multi-currency loan and a $15 million credit support facility.
  • Interest rates are based on a leverage ratio grid arrangement.
  • Current weighted average margin expected to be ~1.59%.
  • Debt is supported by interlocking guarantees and secured by property mortgages.
  • Commonwealth Bank of Australia, HSBC, National Australia Bank, and Westpac Banking Corporation participated in the refinancing.
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.