AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

BOOM LOGISTICS LIMITED Capital/Financing Update 2011

Aug 16, 2011

64550_rns_2011-08-16_9f336795-d81d-4bfb-8e93-0264de1f767c.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [118 x 37] intentionally omitted <==

Boom Logistics Limited Announcement

17 August 2011 ASX code: BOL

BOOM LOGISTICS LIMITED - DEBT REFINANCING FINALISED

Boom Logistics Limited (“Boom”) today announced the finalisation of documentation in relation to its new $150 million 3 year revolving debt facility.

As announced on 30 June 2011, the facility is provided by Boom’s existing banking syndicate of National Australia Bank, GE Capital and BankWest.

After the refinancing, Boom's overall cost of debt is expected to average around 9% for the 2012 financial year (2011 – 11.8%) This facility ensures Boom is well placed to support ongoing growth initiatives in the coming years.

Further Information:

Brenden Mitchell Managing Director +61 3 9207 2500

Iona MacPherson Chief Financial Officer +61 3 9207 2500