Australia's HMC Capital jumps on securing increase in debt facility

HMC Capital

17/11/2025 04:26

** Shares of HMC Capital HMC.AX advance as much as 2.41% to A$2.970, posting their biggest intraday pct gain since November 10

** Banker-turned-investor David Di Pilla founded co secures credit-approved commitments from existing lenders to lift and extend its revolving debt facility to A$715 mln ($465.82 mln) from A$675 mln

** Facility extended to mature on November-end, 2027, with pricing and terms unchanged

** Stock pares earlier gains to trade 0.5% higher by noon in Sydney, trimming YTD slide to 70.4%

($1 = 1.5349 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))