Helloworld refinances $60M debt

Company News

by Jessica Amir

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.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.