Bapcor Completes $270m re-financing deal
- Autobarn owner Bapcor (BAP) advises it’s successfully refinanced $270 million in loans which were due to mature mid next year
- The car accessories business refinanced the three year facilities to give itself a total of $520 million in debt available across five banks and lenders
- All of the debt facilities mature between 2024 and 2026, and have an average tenor of 3.6 years, with the funds available to be used for working capital or corporate expenses
- BAP’s refinancing announcement comes days after the ASX-200 lister announced its CEO had resigned amid disagreements with the board
- Shares are trading up 0.15 per cent at $6.71 each
