EOS A$100m secured term loan from Soul Patts (2026)
Growth, working capital and liquidity buffers, and payments for the MARSS acquisition
Key terms
- Borrower or issuer
- Electro Optic Systems
- Date
- 2 Mar 2026
- Type
- Bank facility
- Amount
- A$100m (US$66m)
- Pricing
- Steps up every three months; average all-in rate on drawn amounts 14.75% over 24 months
- Maturity
- 2028-02-28
Recorded terms
- Structure
- Two-year senior secured term loan, ranking equally with EOS's Export Finance Australia bond facility; all-asset security over certain group entities; no financial covenants; prepayable without penalty
- Lenders and arrangers
- Washington H. Soul Pattinson and Company Limited (major shareholder)
- Country
- Australia
Parties
- Electro Optic Systems borrower or issuer
- Public lenders and funders: Export Finance Australia
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Feb 2026 | Booz Allen Hamilton US$2.25bn revolver and term loan A-2 (2026) | Bank facility | US$2.25bn |
| 10 Mar 2026 | Leonardo €600m ESG-linked term loan (2026) | Bank facility | €600m |
| 16 Mar 2026 | Oshkosh US$1.6bn revolving credit facility | Bank facility | US$1.6bn |
| 12 Feb 2026 | Leidos US$1.5bn revolving credit facility amendment and restatement (2026) | Bank facility | US$1.5bn |
| 12 Feb 2026 | Quantum Systems €150m long-term debt package (EIB, Commerzbank, Deutsche Bank, KfW) | Bank facility | €150m |
More from Electro Optic Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| 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 |
M&A and investment involving Electro Optic Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 21 May 2026 | EOS acquisition of MARSS | M&A | US$36m |
| 20 May 2026 | EOS A$150m institutional placement | Equity raise | A$150m |
Sources
- EOS ASX release: growth funding update announcements.asx.com.au · 2 Mar 2026
About this record
Record DEF-2026-0050, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
