EOS Repays Second Debt Instalment on Schedule

Electro Optic Systems Holdings Limited (“EOS” or “Company”) (ASX: EOS) announces that it has completed a debt repayment for the amount of $20.5m, on schedule.

This follows the repayment of $26.9M in September 2023 under a separate 12 month working capital facility. This means that EOS has now repaid, on schedule, 50% of the principal amounts originally due to Washington H. Soul Pattinson and 100% of the Working Capital Facility amounts with the only outstanding amount relating to a Term Loan Facility.

As of today, the EOS position under the borrowing facilities with EOS’ primary lender Washington H. Soul Pattinson, is as follows:

The $52.1m repayment due for the Term Loan Facility includes principal, establishment fees and interest accrued to date. In addition to the above repayment due in October 2025, EOS is required to pay interest each month, totalling approximately $19.0m over the remaining term of the debt. The borrowing facility agreements include a 100% ‘make whole’ clause which applies in the case of any early repayment.

This announcement has been authorised for release to the ASX by the Board of Directors of the Company.