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NAB, Nomura, PEP help Calibre refi Greensill debt
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Engineering and contracting company Calibre Group has waved goodbye to collapsed financier Greensill, as part of a new funding package arranged by National Australia Bank.
Engineering and contracting company Calibre Group reported $486.2 million revenue and a $10.8 million profit in the 2020 financial year.
Ryan Stuart
Street Talk understands Calibre has signed off on a $90 million refinancing, securing finance from NAB, Nomura, Pacific Equity Partners’ new Capital Solutions strategy and debt investors Wingate and Longreach Credit Investors.
Sources said the refinancing was aimed at taking out Greensill’s debt and would give the company funding power to grow its client book. NAB was arranger and is expected to be working capital facility lender.