ASX:ASG

Autosports Group Upsizes Syndicated Facility to AU$435 Million

Autosports Group (ASX:ASG) said it has agreed an amendment to its existing syndicated facility agreement, increasing the total limit by AU$85 million to AU$435 million and extending the maturity of facility 1 and facility 2 to four years from three, according to a Monday Australian bourse filing.The company said the increased limit is allocated as AU$335 million across facility 1 and facility 2, up from AU$250 million, with facility 3 remaining unchanged at AU$100 million, with financial close expected around mid-June.