Corporate Travel Management Reshapes Debt Facilities to Support Liquidity and IATA Security Deal

Corporate Travel Management Limited ( (AU:CTD) ) has issued an update.

Corporate Travel Management has secured key amendments to its existing debt facilities, reducing the overall facility size from $150 million to $140 million and reshaping it into a $65 million bank guarantee facility and a $75 million revolving credit facility, of which $40 million is freely available and $35 million is subject to lender consent. The revised arrangements, which include an extension of deadlines for its audited FY25 and HY26 financial reports to 30 June 2026 and additional reporting and covenant obligations, are intended to provide financial stability while the company finalises its FY25 accounts and supports its newly agreed financial security arrangement with IATA, ensuring uninterrupted BSP-related ticketing activities for clients; as at 30 November 2025, CTM reported $177.6 million in cash and no drawn debt, underscoring a relatively strong liquidity position despite the tighter facility size and enhanced lender oversight.

The most recent analyst rating on (AU:CTD) stock is a Sell with a A$7.60 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.

More about Corporate Travel Management Limited

Corporate Travel Management Limited is a global corporate travel services provider headquartered in Brisbane, operating across Australia, New Zealand, North America, Asia and Europe. The company specialises in managing business travel and related ticketing services for corporate clients, relying heavily on airline settlement systems such as IATA’s Bank Settlement Plan to facilitate standardised reporting, billing and settlement of airline ticket sales.

Technical Sentiment Signal: Buy

Current Market Cap: A$2.35B

For an in-depth examination of CTD stock, go to TipRanks’ Overview page.