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NUIX LIMITED — Capital/Financing Update 2024
Feb 18, 2024
65464_rns_2024-02-18_b92f6db8-7aab-4c7d-98f4-630fcdb6fe3a.pdf
Capital/Financing Update
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MARKET RELEASE
19 FEBRUARY 2024
New Revolving Debt Facility Agreement
Sydney, Australia – Nuix (‘the Company’, ASX: NXL) is pleased to announce that it has entered into a facility agreement with The Hongkong and Shanghai Banking Corporation, Sydney Branch (HSBC) to provide a A$30 million multicurrency revolving credit facility to the Company.
HSBC has committed to provide the debt facilities under a new secured facility agreement (“Facility Agreement”), subject to the satisfaction of customary conditions precedent.
Overview of Facility Agreement Terms:
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Facility Amount: A$30 million, with a A$2 million bank guarantee sub-limit.
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Maturity of three years.
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The new facility is to be utilised for general corporate purposes of the Company, other than costs associated with litigation, arbitration or administrative proceedings.
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The Facility Agreement includes customary representations and warranties, undertakings and events of default and review events for a financing of this nature.
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Amounts owing under the Facility Agreement are secured by the assets of the Company and its material subsidiaries.
Financial close under the Facility Agreement is expected to occur prior to the end of March 2024.
Chief Operating Officer and Chief Financial Officer Chad Barton commented: “This new debt facility is an important step in the development of Nuix’s capital structure. While we have no current need for additional funding, the facility provides Nuix with greater flexibility and more options to drive growth as part of the Company’s build, buy or partner approach. The implementation of this facility means Nuix’s capital base is well positioned to underpin further execution of our strategy.”
This announcement has been authorised by the Board of Nuix.
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Investor Contact Media Contact Brett Dimon Helen McCombie Head of Investor Relations Citadel-MAGNUS +61 (0)410 671 357 +61 (0)411 756 248 [email protected] [email protected]
About Nuix
Nuix is a leading provider of investigative analytics and intelligence software, that empowers customers to be a force for good by finding truth in the digital world. We help customers collect, process and review massive amounts of structured and unstructured data, making it searchable and actionable at scale and speed, with forensic accuracy.
For further information, please visit https://www.nuix.com/investors
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