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National Tyre & Wheel Ltd. ( (AU:NTD) ) has provided an announcement.
National Tyre & Wheel Ltd. (NTAW) has announced that the Commonwealth Bank of Australia (CBA) has extended the waiver period for financial covenant defaults related to its borrowing facility until December 31, 2025. Since June 30, 2025, NTAW has repaid $11 million of the borrowing facility, with further repayments planned for 2026, and the overall borrowing limit has been reduced by $13 million. This extension and CBA’s support align with NTAW’s current trading environment, maintaining the borrowing facility with an expiry date of September 30, 2027.
The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.
More about National Tyre & Wheel Ltd.
Average Trading Volume: 64,479
Technical Sentiment Signal: Hold
Current Market Cap: A$56.18M
For an in-depth examination of NTD stock, go to TipRanks’ Overview page.