EOS secures A$100m facility to fund counter-drone growth and MARSS acquisition

Electro Optic Systems Holdings Limited ( (AU:EOS) ) has issued an announcement.

Electro Optic Systems has finalised a A$100 million senior secured term loan facility with a subsidiary of Washington H. Soul Pattinson, maturing in February 2028 and ranking pari passu with its existing bond facility. The loan, which carries an average all-in interest rate of 14.75% over 24 months and can be prepaid without penalty, leaves EOS with no current borrowings before any drawdown.

The facility is designed to bolster liquidity and working capital as EOS pursues growth in counter-drone technologies and completes its planned acquisition of MARSS. Management expects this added funding flexibility to support execution of its end-to-end counter-drone strategy and to underpin future growth opportunities across its global defence customer base.

The most recent analyst rating on (AU:EOS) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.

More about Electro Optic Systems Holdings Limited

Electro Optic Systems Holdings Limited is an Australian defence and space technology company focused on counter-drone solutions, remote weapon systems and high energy laser weapons. The group targets global military and security customers, and is expanding its capabilities and revenue base through acquisitions such as MARSS to offer integrated, end-to-end counter-drone platforms.

YTD Price Performance: -4.87%

Average Trading Volume: 3,767,280

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.73B

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