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StepChange Holdings Limited (ASX: STH) has secured AU$11 million in new debt facilities from Westpac Banking Corporation, enhancing balance sheet flexibility to support national and international expansion. The package includes a AU$10 million three-year Bank Bill Business Loan and a AU$1 million Business Overdraft Facility to fund working capital, strategic acquisitions, and capital expenditure.
The facilities will enable StepChange to pursue organic and inorganic growth opportunities, including increased demand from Tier 1 clients across the energy, mining, and government sectors.
Managing Director Shane Bransby said the partnership with Westpac marks an important milestone, demonstrating StepChange’s creditworthiness and disciplined capital management. The funding will allow the company to accelerate its ERP transformation services and strengthen its position as a leading SAP implementation and consulting provider in Australia and overseas.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
