COMPANY ANNOUNCEMENT
27 JUNE 2025
AUSTAL REFINANCES DEBT FACILITIES TO SUPPORT FUTURE GROWTH
Austal Limited (Austal) (ASX: ASB) has completed the final funding piece of its $1.2 billion capital expansion program in the United States, securing $488 million in credit facilities from a group of Tier 1 financial institutions, including Australian and international banks and Export Finance Australia (EFA).
Austal continues to invest in its shipbuilding and submarine capabilities with two major expansion projects currently underway in the USA, the Final Assembly 2 (FA2) project and the submarine Module Manufacturing Facility 3 (MMF3) project.
The new debt facilities will be used alongside Austal’s $220 million capital raise in April…