Debt Facilities successfully refinanced, enhancing flexibility
Aristocrat Leisure Limited (Aristocrat) (ASX: ALL) today announces the successful refinancing of its debt facilities, further strengthening its balance sheet and enhancing capital management flexibility.
“We are focused on delivering long-term shareholder value,” said Sally Denby, Chief Financial Officer. “The successful refinancing reflects the strength of our investment grade credit profile and enhances our flexibility to manage our capital structure, while continuing to invest in long-term growth.”
The new debt facilities, which were supported by certain existing and new lenders, consist of a US$850 million Term Loan A maturing April 2031 and a US$1.0 billion Revolving Credit Facility maturing April 2030. The terms and undertakings reflect Aristocrat’s investment-grade credit profile. The increase in the revolving credit facility significantly enhances Aristocrat’s flexibility to manage its capital structure and invest in its growth strategy. Proceeds will be used to repay existing facilities and for general corporate purposes.