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How Bapcor Won Lender Support for Temporary Debt Covenant Relief
9:00am on Friday 19th of December, 2025 AEDT
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Consumer Discretionary
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How Bapcor Won Lender Support for Temporary Debt Covenant Relief
9:00am on Friday 19th of December, 2025 AEDT
Key Points
Net Leverage Ratio covenant temporarily increased from 3.0 to 3.5 times adjusted EBITDA
Adjustment applies to December 2025 and June 2026 testing points
Lenders unanimously support Bapcor’s turnaround program
Covenant expected to revert to original level after June 2026
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