Lenders approve temporary increase to leverage covenant
Filed with ASX · · 1 page · English
Bapcor today announces it has received approval from all lenders in its debt syndicate to increase Bapcor’s Net Leverage Ratio covenant to 3.5 times adjusted EBITDA for the 31 December 2025 and 30 June 2026 testing points, before returning to the existing 3.0 times covenant. Kim Kerr, Chief Financial Officer said: “We are pleased that the lending syndicate continues to support our turnaround progr
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