Macmahon increases syndicated debt facility

Macmahon Holdings Limited (ASX: $MAH) has finalized an increase to the existing $250 million Syndicated Debt Facility and added a new $80 million tranche (Tranche E), with HSBC retained as Mandated Lead Arranger and Bookrunner. The addition of Tranche E is part of a prudent capital management strategy, whilst improving liquidity, and can be used for general corporate purposes. Tranche E matures in September 2026 in line with the existing bank facility.

Executive Commentary on Upsizing Syndicated Debt Facility

The successful upsizing of Macmahon's syndicated debt facility will support cost-effective low capital investment and liquidity post the purchase of Decmil, over the next two years. We are pleased to have secured competitive terms and believe this shows the continued confidence of our banking syndicate.

Summary of Macmahon's Syndicated Debt Facility Increase

Macmahon Holdings Limited (ASX: $MAH) has finalized an increase to its existing $250 million Syndicated Debt Facility and added a new $80 million tranche (Tranche E) with HSBC. The addition of Tranche E is part of a prudent capital management strategy, improving liquidity and available for general corporate purposes. The facility matures in September 2026, aligning with the existing bank facility. The Chief Financial Officer, Ursula Lummis, expressed satisfaction with the competitive terms secured, highlighting the continued confidence of the banking syndicate. Macmahon's focus on developing strong, respectful relationships with clients remains central to its operations, ensuring mutually beneficial outcomes and risk minimization for both parties.