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EVT LIMITED — Capital/Financing Update 2026
Mar 24, 2026
64888_rns_2026-03-24_a76e1d90-eb81-468f-a698-cb60c8c0b14d.pdf
Capital/Financing Update
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25 March 2026
Further information – ASX Company Security Code: EVT Contact: Jane Hastings (CEO), David Stone (Company Secretary)
ASX Announcement Completion of refinancing process
Phone +61 2 9373 6600 ABN 51 000 005 103 www.evt.com
EVT Limited ACN 000 005 103
EVT Limited today announced that the Group has successfully completed a refinancing, increasing the main debt facilities to $750 million (2023: $650 million). The combination of the Group’s non-core asset divestment programme and new debt facility provides greater flexibility as the Group continues to transform the earnings profile towards the Hotel sector.
The three-year debt facilities consist of a $750 million revolving multicurrency loan arrangements and a $15 million credit support facility, on comparatively better margins. Debt drawn under the new loan facilities bears interest at the relevant benchmark reference rate plus a margin range of between 1.25% and 2.00% per annum (2023 facility: margin range of 1.50% and 3.15%). The relevant margin is based upon a leverage ratio grid arrangement and, under the current leverage ratio, the Group anticipates a current weighted average margin of ~1.59%. The applicable margin is reassessed on a bi-annual basis utilising the leverage ratio at that point in time (based upon the Group’s annualised EBITDA and gross debt level).
The debt facilities are supported by interlocking guarantees from most Australian and New Zealand-domiciled Group entities and secured by specific property mortgages against 14 of the 34 Group properties (independent market valuation of ~$1,100 million). Each of the Group’s current lenders:
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Commonwealth Bank of Australia (“CBA”);
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The Hongkong and Shanghai Banking Corporation Limited (“HSBC”);
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National Australia Bank Limited (“NAB”); and
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Westpac Banking Corporation Limited (“WBC”)
have demonstrated strong support for the Group and have all actively participated in the refinancing process.
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Further information – ASX Company Security Code: EVT Contact: Jane Hastings (CEO), David Stone (Company Secretary)
At the date of refinancing the Group has:
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drawn debt under the facilities of ~$610 million with ~$5 million under the credit support facility; and
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cash holdings in excess of ~$90 million.
Phone +61 2 9373 6600 ABN 51 000 005 103 www.evt.com
EVT Limited ACN 000 005 103
Ms Jane Hastings, EVT CEO commented: “EVT extends its appreciation to NAB, CBA, HSBC and WBC for their strong support and desire to participate as lenders for our Group. We look forward to working with all our banking partners as we continue to progress our growth plans.”
Authorised for release by the Board
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