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Bapcor Limited (ASX:BAP)

ALERT: Price-sensitive ASX Announcement for BAP
Current share price for BAP : $0.445 -1.605 (-78.29%)+
Release
19 Dec 2025 8:49AM
Price at Release
$2.050
Full Release
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Summary
Bapcor Limited announced that it has received approval from all its lenders to temporarily increase its Net Leverage Ratio covenant to 3.5 times adjusted EBITDA for the periods ending 31 December 2025 and 30 June 2026. This adjustment, which will revert to the existing 3.0 times covenant subsequently, is part of the company's ongoing turnaround program aimed at enhancing operational and financial performance. The support from the lender syndicate underscores confidence in Bapcor's strategy to improve its business metrics.
Key Points
  • Bapcor received lender approval to increase Net Leverage Ratio covenant.
  • Temporary increase to 3.5 times adjusted EBITDA for December 2025 and June 2026.
  • Covenant will revert to 3.0 times thereafter.
  • Part of a strategy to improve operational and financial performance.
  • Lender support highlights confidence in Bapcor's turnaround program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.