InvestSMART

NTAW Holdings Limited (ASX:NTD)

ALERT: Price-sensitive ASX Announcement for NTD
Current share price for NTD : $0.185 -0.15 (-44.78%)+
Announcement
Release
1 Oct 2025 5:57PM
Price at Release
$0.335
Full Release
download
Summary
NTAW Holdings Limited, listed on the ASX as NTD, announced that the Commonwealth Bank of Australia (CBA) has waived default arising from non-compliance with financial covenants associated with NTAW's borrowing facility. This waiver, initially applicable until 30 September 2025, has been extended to 31 December 2025. Since 30 June 2025, NTAW has repaid $11 million of the borrowing facility, with additional repayments planned for the 2026 financial year, resulting in a reduction of the facility limit by $13 million. CBA has expressed support to align with NTAW’s trading environment, and the borrowing facility is set to expire on 30 September 2027.
Key Points
  • CBA waived financial covenant defaults for NTAW until 31 December 2025.
  • NTAW repaid $11 million on its borrowing facility since 30 June 2025.
  • The borrowing facility limit was reduced by $13 million.
  • Waiver aligns with NTAW's current trading environment.
  • The borrowing facility expires on 30 September 2027.
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.