Renewal of revolving credit facility
Eco Animal Health Group plc has renewed its committed revolving credit facility with NatWest, increasing its total banking facilities to £15 million by extending the £10 million revolving credit facility and its existing £5 million overdraft facility to 30 June 2031, on more favourable terms. The company has not utilized the revolving credit facility and has no immediate plans to do so, as it is intended for future business expansion initiatives. Eco Animal Health is currently preparing its audited results for the year ended 31 March 2026, which are anticipated for release around mid-July 2026.
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ECO Animal Health Group plc (AIM: EAH), a rapidly growing global animal health company with a portfolio of marketed veterinary products and a maturing proprietary R&D pipeline, announces that it has renewed its committed revolving credit facility ("RCF") agreement with its bank, National Westminster Bank plc ("NatWest") on more favourable terms than previously existed.
The renewed facility provides for drawings of up to £10 million in flexible amounts and replaces the existing £10 million RCF which was due to expire on 30 June 2026. The Company has also renewed its existing £5m overdraft facility, maintaining total banking facilities of £15 million, with the new RCF and overdraft facility terms expiring on 30 June 2031.
The Company has not previously utilised the RCF and there are no immediate plans to make drawings under the facility; it exists to provide immediate liquidity for business expansion initiatives.
Following the positive trading update announced in March, ECO is currently preparing its audited results for the year ended 31 March 2026 and anticipates releasing these around the middle of July 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.