Healius Limited (ASX: HLS) announced a fully franked special dividend of 41.3 cents per share, totaling approximately $300 million. This dividend comes with a franking credit of 17.7 cents per share, amounting to about $128 million. Shareholders can expect to receive this dividend on May 23, 2025, with the ex-dividend date set for May 9, 2025, and the dividend record date on May 12, 2025.
In addition to the special dividend, Healius has secured a new three-year $300 million syndicated bank facility, set to mature in May 2028. This new facility replaces the existing $680 million facility, marking a significant reduction in the company’s debt commitments. The refinancing involves a smaller syndicate of four banks, reflecting a recalibration of Healius’s financing strategy. The facility includes a Gearing covenant of 3.5x and an Interest Cover of 3.0x.
The financial close for both the existing and new facilities is anticipated to occur simultaneously on May 9, 2025. Healius anticipates holding a net cash position by the end of the FY25 financial year. The company’s strategic financial moves aim to strengthen its balance sheet and support its commitment to providing accessible and affordable healthcare across Australia.
