Boom Logistics announcement of varied financing facilities

Boom Logistics Limited (ASX: $BOL) has announced the variation of its financing facilities with National Australia Bank Limited. The changes involve an increase in the revolving leasing facility from $30 million to $50 million, an extension of the trade finance facility by 12 months to a 4-year term from inception, reductions in line fees and margin fees, and an improved debt to capital ratio covenant.

Executive Commentary on Financing Facilities Variation

The Company is pleased to announce the varied financing facilities with National Australia Bank Limited. These changes reflect our commitment to optimizing our financial structure and enhancing our operational flexibility. The increased revolving leasing facility and extended trade finance facility will provide us with additional resources to support our growth initiatives. The reductions in line fees and margin fees, along with the improved debt to capital ratio covenant, demonstrate our focus on cost efficiency and prudent financial management. We believe these changes will positively impact our financial performance and position us for long-term success.

Summary of Boom Logistics Financing Facilities Variation

Boom Logistics Limited (ASX: $BOL) has announced material changes to its financing facilities with National Australia Bank Limited, including an increase in the revolving leasing facility, extension of the trade finance facility, and improvements in fee structures and debt to capital ratio covenant. The Company's proactive approach to optimizing its financial resources and enhancing operational flexibility reflects its commitment to sustainable growth. The varied financing facilities are expected to support Boom Logistics' strategic initiatives and contribute to its long-term resilience and competitiveness in the market.