Hospitality and entertainment powerhouse EVT Group (ASX:EVT) has finalised a capital restructuring, increasing its primary debt facilities to $750 million.
The move marks a substantial uplift from the group's previous $650 million facility established in 2023, providing the organisation with enhanced liquidity to fuel its ambitious Australian and international growth plans.
The new three-year arrangement comprises a sophisticated multi-currency loan structure and a $15 million credit support facility.
The group secured the refinancing on improved margins, reflecting strong lender confidence in EVT's post-pandemic recovery and diversified portfolio.
Under the revised terms, drawn debt will bear interest at the benchmark reference rate plus an annual margin ranging between 1.25% and 2%.
At the time of closing, the weighted average margin sat at approximately 1.59%, representing a competitive cost of capital in the current fiscal climate.
Financial data released this morning confirms that EVT has already utilised roughly $610 million of the debt facilities and $5 million of the credit support.
This is bolstered by a cash position, with the group reporting $90 million in excess cash holdings.
EVT CEO Jane Hastings expressed gratitude for the continued institutional backing.
At the time of reporting, EVT Group's share price was $12.85.