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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.