Austal A$488m bilateral credit facilities with Export Finance Australia
Fund the US shipbuilding and submarine module expansion (FA2 and MMF3) and working capital; replace the 2015 syndicated facilities
Key terms
- Borrower or issuer
- Austal
- Date
- 27 Jun 2025
- Type
- Bank facility
- Amount
- A$488m (US$315m)
- Maturity
- 5 to 10 years
Recorded terms
- Structure
- Bilateral facilities under a common terms deed with Australian and international banks and Export Finance Australia, plus A$634m of contingent instruments; EFA loan of up to US$150m for the FA2 project credit approved
- Lenders and arrangers
- Australian and international banks and Export Finance Australia
- Country
- Australia
Parties
- Austal borrower or issuer
- Public lenders and funders: Export Finance Australia
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 18 Jun 2025 | EIB €300m intermediated loan to BPCE for defence SMEs | Bank facility | €300m |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| 11 Jun 2025 | EIB €500m intermediated loan to Deutsche Bank for security and defence SMEs | Bank facility | €500m |
| 5 Jun 2025 | Parsons US$1.2bn term loan and revolving credit facility (2025) | Bank facility | US$1.2bn |
| 21 Jul 2025 | Hensoldt €300m Schuldschein loan | Bank facility | €300m |
Sources
- Austal: Austal refinances debt facilities to support future growth (ASX announcement) austal.com · 27 Jun 2025
- ASX announcement: Austal refinances debt facilities announcements.asx.com.au · 27 Jun 2025
About this record
Record DEF-2025-0052, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
