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Bapcor Ltd ( (AU:BAP) ) has shared an announcement.
Bapcor has secured unanimous approval from its lending syndicate to temporarily lift its Net Leverage Ratio covenant to 3.5 times adjusted EBITDA for the testing dates of 31 December 2025 and 30 June 2026, after which the covenant will revert to 3.0 times. The move, endorsed by the company’s lenders as supportive of Bapcor’s ongoing turnaround program, provides the group with additional balance sheet flexibility to execute its operational and financial performance improvement plans, signalling continued confidence from financiers during a critical period of strategic restructuring.
The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.
More about Bapcor Ltd
Bapcor Limited is an Australia-listed company in the automotive aftermarket industry, supplying parts, accessories and related services to trade, retail and wholesale customers across the region.
Average Trading Volume: 2,178,628
Technical Sentiment Signal: Sell
Current Market Cap: A$578.7M
Find detailed analytics on BAP stock on TipRanks’ Stock Analysis page.