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Aristocrat refinances debt facilities to bolster capital flexibility

Aristocrat Leisure has completed a refinancing of its debt facilities, securing a strengthened balance sheet and greater financial flexibility as the company continues to pursue its growth strategy.

1 min read
debt
Key Points
Aristocrat secures new debt facilities totalling $1.85bn
Refinancing extends maturities to 2030 and 2031
Move enhances financial flexibility and supports long-term growth

Aristocrat Leisure has announced the successful refinancing of its debt facilities, a move the company says reinforces its balance sheet and enhances its capacity to manage capital allocation going forward.

The new facilities, backed by a combination of existing and new lenders, comprise a $850m Term Loan A maturing in April 2031 and a $1bn Revolving Credit Facility maturing in April 2030. 

Proceeds from the refinancing will be used to repay existing facilities, with the remainder available for general corporate purposes.

Aristocrat said the terms of the new arrangement reflect its investment-grade credit profile. 

The increase in the size of the revolving credit facility is particularly notable, as it gives the company significantly greater flexibility to manage its capital structure and fund its growth agenda.

CFO Sally Denby said the refinancing reflects the strength of Aristocrat's credit standing and supports the company's focus on long-term shareholder value. She added that the new structure allows Aristocrat to continue investing in growth while maintaining flexibility in how it manages its finances.

The refinancing comes during an active period for the Australian gaming giant. In recent months, Aristocrat has extended its on-market share buy-back programme to a total potential size of AU$1.5bn, acquired US-based AI analytics firm Gaming Analytics and launched a land-based slot streaming collaboration in Europe between its Awager platform and Novomatic. 

Good to know

Aristocrat has been actively returning capital to shareholders alongside its growth investments, having bought back AU$701m in shares since its current buy-back programme launched in February 2025

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