ASX:SBZ

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Schoolblazer's Uniform Business Secures AU$110 Million Debt Facility From Westpac

Schoolblazer's (ASX:SBZ) uniform business division secured a conditional AU$110 million trade finance and term debt facility from Westpac Banking (ASX:WBC, NZE:WBC), according to a Wednesday filing with the Australian bourse.The agreement includes AU$45 million in term debt facilities with a five-year tenor and a seasonal trade finance facility of up to AU$65 million on "competitive market terms," per the filing.The company said the new facility will replace the uniform business' fragmented legacy debt arrangements with a single facility that has capacity for growth.Westpac Banking's Australian shares were up 1% in recent Wednesday trade.

ASX:SBZASX:WBCNZE:WBC

Asia47d ago

Schoolblazer Unit Posts Lower Fiscal H1 Revenue; Shares Reach Five-Year Low

Schoolblazer's (ASX:SBZ) Schoolblazer Group subsidiary recorded AU$55.4 million in total revenue for the fiscal first half ended March 31, down from AU$57.7 million in the same period the year prior, according to a Friday filing with the Australian bourse.Total global sales of AU$55.3 million were down 4% compared with last year, the filing said.The company anticipates that about two-thirds of revenue and most of the earnings before interest, taxes, depreciation, and amortization will be generated in the fiscal second half, but ongoing geopolitical disruptions, freight rates, and delays are likely to have some impact.The company maintained its fiscal-year revenue of between AU$190 million and AU$200 million, per the filing.Shares fell 3% in morning trade on Friday and earlier reached their lowest since January 2021.

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