市场见解

The ALS (ASX:ALQ) share price is flying on news of debt refinancing

The ALS Ltd (ASX: ALQ) share price has gained 4.1% today following news it has refinanced its debt facilities. Let’s take a closer look.
The post The ALS (ASX:ALQ) share price is flying on news of debt refinancing appeared first on The Motley Fool Australia. –

A plumber gives the thumbs up, indicating a positive share price in ASX plumbing and building

The ALS Ltd (ASX: ALQ) share price has gained 4% today following news the company plans to refinance its debt facilities.

At the time of writing, ALS shares are swapping hands for $11.06, up from their previous closing price of $10.62.

ALS is a global testing, inspection and certification company that works within several sectors, including agriculture, pharmaceuticals and construction.

Let’s take a closer look at the news driving the ALS share price today.

ALS debt refinancing

ALS announced today that it has agreed to refinance its existing bank debt with new, multi-currency revolving facilities valued at $US350 million.

The company describes the banks involved in the refinancing activities as “geographically diverse”.

The mix of international banking organisations includes the ASX’s Australia and New Zealand Banking Group (ASX: ANZ) and Westpac Banking Corporation (ASX: WBC).

Also involved in the refinancing are the Hong Kong and Shanghai Banking Corporation, JP Morgan, Bank of America and Mizuho Bank.

According to ALS, the new facilities will provide a strong level of liquidity, supporting the company’s growth strategy and global funding requirements.

The company also says the debt facilities will support its forex strategy. The strategy will see ALS align its debt currencies with the operating cash flows of its businesses.

The refinancing will increase ALS’ average debt maturity profile to 6.6 years – 19 months longer than it previously was.

ALS share price snapshot

Today’s gains have boosted the ALS share price performance on the ASX so far this year.

After reaching its highest close of the year so far – $11.39 in mid-February – the company’s share price performed poorly for a number of weeks, dropping to close at $9.45 by 4 March. Since then, it’s recovered well, aided by today’s gains.

Currently, the ALS share price is up 13% year to date and has lifted 71% over the last 12 months.

The company has a market capitalisation of around $5.1 billion, with approximately 482 million shares outstanding.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post The ALS (ASX:ALQ) share price is flying on news of debt refinancing appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!