Eclipx Announces Completion of Corporate Debt refinancing and Expects Non-Cash Impairment in FY 2019 Accounts

  • Oct 28, 2019 AEDT
  • Team Kalkine
Eclipx Group Limited (ASX: ECX) has notified that It would be reviewing the carrying values associated with non-core businesses, software and intangibles to prepare for the FY 2019 accounts.
  • It expects to realise a non-cash impairment charge between $95 m and $100 m after tax in its FY 2019 accounts.
  • The impairment charges will be related to the company’s non-core businesses, CarLoans and Right2Drive and the carrying value of software.
  • The corporate debt refinancing has been completed.


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