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Intelligent Monitoring Cuts Interest Costs by Over $6.5M with New NAB Debt Deal
9:12am on Tuesday 4th of February, 2025 AEDT
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Financial Services
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Intelligent Monitoring Cuts Interest Costs by Over $6.5M with New NAB Debt Deal
9:12am on Tuesday 4th of February, 2025 AEDT
Key Points
New $122.5 million secured debt facility with NAB replaces existing higher-cost debt
Interest rate slashed from 15% to approximately 7%, saving over $6.5 million annually
Gross Debt to EBITDA ratio improves to ~2.2x, well within covenant limits
Facility includes acquisition funding capacity, enhancing balance sheet firepower
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