Emeco Holdings Limited
(ASX:EHL) has refinanced its $450 million bank debt facility. The earthmoving equipment manufacturerhas elected to extend the maturity profile of the facility, raising its average debt maturity to 4.9 years.
Based on net debt of $385 million the new facility provides Emeco with headroom of $239 million to pursue new value creating opportunities.
CFO Stephen Gobby says the refinancing provides certainty on the company’s funding structure and access to capital to support its business objectives.
