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Babylon Pump & Power Ltd ( (AU:BPP) ) has shared an announcement.
Babylon Pump & Power Ltd has secured a new debt facility with National Australia Bank to support its acquisition of Matrix Hydro Service and Blue Hire. The facility, amounting to over $21 million, will be used to repay existing loans and fund acquisitions, enhancing Babylon’s capacity to expand its service offerings and strengthen its market position in the resources sector.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd (ASX: BPP) is a provider of specialty mining services to the resources sector in Australia, specializing in high-pressure pumping, dewatering, and project water management. The company also offers a range of specialty power generation solutions and maintenance services for high horsepower mobile equipment. Based in Perth, Babylon operates in Western Australia and Queensland.
Current Market Cap: A$16.88M
For detailed information about BPP stock, go to TipRanks’ Stock Analysis page.