EOS A$50m Soul Patts refinancing: A$35m term loan and A$15m working capital facility (2022)
Refinance the existing A$35m loan and fund working capital
Key terms
- Borrower or issuer
- Electro Optic Systems
- Date
- Oct 2022
- Type
- Bank facility
- Amount
- A$50m (US$35m)
- Pricing
- Term loan 26% total rate; working capital facility 19%
- Maturity
- 2025-10-11 (term loan) / 2024-04-11 (working capital)
Recorded terms
- Structure
- A$35m 36-month term loan refinancing the existing A$35m loan, plus an A$15m 18-month working capital facility; 100% make-whole on early repayment
- Lenders and arrangers
- Washington H. Soul Pattinson and Company Limited (major shareholder)
- Country
- Australia
Parties
- Electro Optic Systems borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Rheinmetall €1.5bn syndicated revolving credit facility | Bank facility | €1.5bn |
| 18 Sep 2026 | EIB €250m covered bond and guarantee with National Bank of Greece for security and defence | Bank facility | €250m |
| 24 Aug 2026 | Lockheed Martin US$2.25bn 364-day revolving credit facility (2026) | Bank facility | US$2.25bn |
| 28 Jul 2026 | RENK €1.05bn unsecured syndicated financing (2026) | Bank facility | €1.05bn |
| 23 Jul 2026 | CSG €3.06bn restated syndicated facility (2026) | Bank facility | €3.06bn |
More from Electro Optic Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| 2 Mar 2026 | EOS A$100m secured term loan from Soul Patts (2026) | Bank facility | A$100m |
| 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$150m |
Sources
- EOS ASX release: EOS repays second debt instalment on schedule (table of the WHSP facilities) eos-aus.com · 10 Apr 2024
- EOS ASX release: EOS finalises debt amendment eos-aus.com · 27 Feb 2024
About this record
Record DEF-2022-0030, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
