Perpetual Limited Refinances Debt Facilities and Improves Debt Position

Perpetual Limited ( (AU:PPT) ) has provided an announcement.

Perpetual Limited has successfully refinanced its syndicated debt facilities, with the syndication being oversubscribed, indicating strong confidence from existing and new banking partners. The refinancing consolidates all existing corporate debt into four new facilities with improved terms, and the company now has no debt maturities until 2027. Additionally, Perpetual has made progress in reducing its gross debt, expecting it to be between $740 million to $750 million by June 2025, better than the previously targeted range. This debt reduction is supported by diversified earnings, cost reduction programs, and the proposed sale of its Wealth Management division.

The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.

More about Perpetual Limited

Perpetual Limited is a global financial services firm listed on the ASX, operating a multi-boutique asset management business, wealth management, and trustee services. It owns leading asset management brands such as Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium, and TSW. The company services high-net-worth clients, not-for-profits, and private businesses through brands like Perpetual Private, Fordham, and Jacaranda Financial Planning. Its corporate trust division provides services to managed funds and the debt market, including a growing digital business with Laminar Capital. Headquartered in Sydney, Perpetual has a global presence with offices in Asia, Europe, the UK, and the US.

YTD Price Performance: -8.04%

Average Trading Volume: 387,634

Technical Sentiment Signal: Sell

Current Market Cap: A$2.02B

See more data about PPT stock on TipRanks’ Stock Analysis page.