HMC Capital boosts debt facility to $715m, extends to 2027

HMC Capital Ltd has secured an extension and increase for its revolving debt facility, growing it from A$675 million to A$715 million. The facility's maturity has been pushed to November 30, 2027, with current pricing and terms remaining unchanged. This strengthened balance sheet is expected to bolster HMC Capital's ability to pursue key strategic initiatives and maximize shareholder value.

According to David Di Pilla, HMC chief executive officer, the refinancing demonstrates lender confidence in HMC's business model and balance sheet. The extended tenor and increased facility provide crucial underwriting capacity to support the company's funds management strategy, including the ongoing energy transition capital partnering process. HMC Capital's balance sheet strategy aims to maintain zero core debt, with the debt facility specifically allocated for underwriting and asset warehousing purposes.

HMC Capital, an ASX-listed diversified alternative asset manager, manages approximately A$18.7 billion across real estate, private equity, energy transition, digital infrastructure, and private credit. The firm caters to institutional, high-net-worth, and retail investors, leveraging its experienced team for investment and operational expertise.