14 Jun 2012

Ebos has new syndicated finance facility

7:12 am on 14 June 2012

Ebos says it has a new syndicated finance facility with ANZ and BNZ banks, which is the long-term banking partner of its recently acquired business, Masterpet.

Under the new facility, the group will have about $135 million of borrowings, with an extra unutilised facility of $70 million.

The facilities have staggered expiry dates from August 2014 to 2016.

Ebos says while there's been no major change in the group's bank debt levels, the new syndicated facilities provide for greater flexibility for future growth.