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An announcement from Emeco Holdings Limited ( (AU:EHL) ) is now available.
Emeco Holdings Limited has successfully refinanced its long-term debt facilities, securing a new 5-year A$355 million revolving syndicated debt facility with improved pricing and terms. This new facility, which replaces an existing $100 million facility and will retire $250 million in Australian Medium Term Notes, enhances Emeco’s funding capability, supporting its core rental and equipment maintenance businesses while providing flexibility for future growth. The refinancing was oversubscribed, indicating strong market confidence in Emeco’s financial health and business model, and aligns with the company’s strategy of operational excellence and capital discipline.
The most recent analyst rating on (AU:EHL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
More about Emeco Holdings Limited
Emeco Holdings Limited (ASX: EHL) is an ASX-listed company that provides surface and underground mining equipment, maintenance, and project support solutions and services. The company offers safe, reliable, and maintained open-cut and underground equipment rental solutions, along with onsite infrastructure, repair and maintenance, and component and machine rebuild services. Emeco also supplies operator, technical, and engineering solutions to the mining industry.
Average Trading Volume: 758,647
Technical Sentiment Signal: Buy
Current Market Cap: A$689M
For a thorough assessment of EHL stock, go to TipRanks’ Stock Analysis page.