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FINWIRES

Austin Engineering Refinances Nearly AU$44 Million in HSBC Facilities

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Austin Engineering (ASX:ANG) successfully refinanced its AU$43.9 million HSBC banking facilities, extending its core facilities for a further three years to November 2029, according to an Australian bourse filing on Monday after market hours.

The revised package comprises a AU$22 million multi-option facility, a AU$16.3 million term loan facility, a AU$1.4 million corporate cards facility, and a AU$4.2 million transaction authority facility, per the filing.

It streamlines the company's debt structure while offering better terms, pricing, and greater flexibility, the filing added.

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