Helloworld Travel Limited (ASX:HLO) has refinanced the group’s secured debt facility with Westpac Banking Corporation (ASX:WBC).
The integrated travel service provider has inked a new $60 million facility with a five-year term, as its existing debt was due to mature in April 2019.
Helloworld says refinancing its core debt facility will deliver further costs savings to the business.
The company also affirms that the transactions reflects its strong performance and positive outlook.
Shares in Helloworld Travel Limited (ASX:HLO) last traded 1.54% lower on Friday to $3.85.