Austal gets USD 100 million in Australian EFA funding for Mobile shipyard expansion

Export Finance Australia (EFA) and Austal Limited signed the USD 100 million loan agreement at Austal's Henderson Western Australia, shipyard. [Photo: Austal Limited]

In a filing yesterday, Austal Limited (ASX: ASB) reported the execution of a loan agreement for
USD 100 million in funding from Export Finance Australia (EFA), the Australian Government’s export
credit agency, to enhance the construction of vessels for the U.S. Navy and U.S. Coast Guard
at Austal USA’s Mobile, Ala., shipyard.

The EFA loan facility to support the development of Austal USA’s Final Assembly 2 (FA2) project was
credit approved, but subject to completion of finance documentation, when Austal announced an AUD 488 million refinance package in late June 2025 and was included in that total package.

With the documentation now signed, subject to the satisfaction of conditions precedent, Austal
will use the facility to assist in funding construction of FA2. The EFA loan tenor is for 10 years,
reflecting the long-term secured order book for ships that