Intelligent Monitoring Obtains AU$122.5 Million Loan Facility

MT Newswires Live

2025/02/04

Intelligent Monitoring Group (ASX:IMB) entered into an up to AU$122.5 million loan facility with the National Australia Bank (ASX:NAB) as it plans to redeem its existing facility, according to a Tuesday filing with the Australian bourse.

The new loan consists of a replacement term debt facility, a new acquisition facility, and a bank guarantee facility. It bears a 7% interest rate, down from 15% for the existing acquisition facility, per the filing.

As a result, the company expects to lower its interest expense by over AU$6.5 million per annum, the filing said.

The new loan is expected to be implemented by March.

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It bears a 7% interest rate, down from 15% for the existing acquisition facility, per the filing.</p><p>As a result, the company expects to lower its interest expense by over AU$6.5 million per annum, the filing said.</p><p>The new loan is expected to be implemented by March.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IMB.AU","symbol_name":"INTELLIGENT MONITORING GROUP","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2508704091","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508704091","pubTimestamp":1738630543,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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