EP&T Global signs A$3M secured loan note facility with Partners for Growth
What's the deal? ASX-listed EPX Limited, the parent company of building performance platform provider EP&T GlobalDealroom has a profile for this one. Try Dealroom →, has signed a A$3M senior secured revolving loan note facility with Partners for GrowthDealroom has a profile for this one. Try Dealroom → VII L.P. (PFG). The three-year facility carries a fixed interest rate of 12.58% per annum, with interest-only repayments during the term and the principal due at maturity. The facility includes no warrants or call options.
The capital will be used to accelerate revenue growth, fund potential M&A, and provide general working capital.
Why now? EPX has built significant momentum. Recent wins — including a NSW TAFE tender covering 150+ sites, a major Australian REIT adding 200+ sites, and expanded contracts with UK rail operators Great Western RailwayDealroom has a profile for this one. Try Dealroom → and FirstGroup — have pushed its global footprint past 1,000 sites.
"I am pleased that EPX has entered a level of maturity that it can utilise some debt in its business to assist in continuing to pursue growth," chief executive officer John Balassis said. He added that the facility gives the business "flexibility to pursue" opportunities across its customer base "where it is profitable to do so."
What could go wrong? Debt at 12.58% is not cheap. If EPX's pipeline doesn't convert into revenue quickly enough, the interest burden could weigh on a company still in growth mode. The facility is secured by a senior lien over all Australian and UK entities, meaning the downside is real if things go sideways.
The signal: Dealroom classifies EP&T Global as a "breakout stage" company, a profile that aligns with PFG's niche as a specialist lender to high-growth businesses not yet suited to traditional bank debt. With building energy management demand rising alongside sustained high energy prices, the facility suggests EPX's pipeline — now spanning more than 1,000 sites globally — has reached the inflection point where non-dilutive capital becomes a credible growth lever rather than just a lifeline.
Read more: listcorp.com
