4 defence financings involving Australia since 2015, and 3 investment and M&A deals, each with its terms and primary sources.
Randeep Bubbra | Lawyer | Making defence financeable
One square per financing, by date of signing, pricing or announcement. Volume in US$bn at approximate annual average rates; 2026 runs to 27 Oct 2026.
| Year | Bank and acquisition loans | Total |
|---|---|---|
| 2021 | – | 0 · US$0m |
| 2022 | 2 · US$49m | 2 · US$49m |
| 2023 | – | 0 · US$0m |
| 2024 | – | 0 · US$0m |
| 2025 | 1 · US$315m | 1 · US$315m |
| 2026 | 1 · US$66m | 1 · US$66m |
Austal A$488m bilateral credit facilities with Export Finance Australia, 27 Jun 2025.
| Type | Financings | Funded (US$) |
|---|---|---|
| Bank facility | 4 | US$429m |
Counts are financings on file where the bank or lender is named. All lenders.
| Date | Financing | Type | Amount |
|---|---|---|---|
| 2 Mar 2026 | EOS A$100m secured term loan from Soul Patts (2026) | Bank facility | A$100m |
| 27 Jun 2025 | Austal A$488m bilateral credit facilities with Export Finance Australia | Bank facility | A$488m |
| Oct 2022 | EOS A$50m Soul Patts refinancing: A$35m term loan and A$15m working capital facility (2022) | Bank facility | A$50m |
| Sep 2022 | EOS A$20m working capital facility from Soul Patts (2022) | Bank facility | A$20m |
| Date | Deal | Type | Value |
|---|---|---|---|
| 20 May 2026 | EOS A$150m institutional placement | Equity raise | A$150m |
| 1 Aug 2024 | DroneShield A$120m placement | Equity raise | A$120m |
| 18 Apr 2024 | DroneShield A$70m placement | Equity raise | A$70m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.
Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.
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