Bothar Boring
Bothar Boring & Tunnelling is a Brisbane-based engineering services company that’s no stranger to overseas markets.
Need
When Bothar won new drilling contracts with Australian Pacific LNG and Gladstone GLNG to produce liquefied natural gas for export, it required additional working capital to fulfil these opportunities.
Solution
We worked closely with Westpac to give Bothar the additional working capital it needed for the two natural gas contracts.
Bothar Boring & Tunnelling is a Brisbane-based engineering services company that’s no stranger to overseas markets.
It has built a significant business in Australia and the Middle East installing and fixing underground facilities for water, gas, sewage and housing cables.
When Bothar won new drilling contracts with Australian Pacific LNG and Gladstone GLNG to produce liquefied natural gas for export, it required additional working capital to fulfil these opportunities.
Bothar’s principal financer was very supportive but was unable to provide all the funding it needed.
Bothar is very appreciative of Export Finance Australia’s support, which has been a key element in funding the expansion
and access of new export markets.
Michael Walsh
Chief Financial Officer, Bothar Boring & Tunnelling
We worked closely with Westpac to give Bothar the additional working capital it needed for the two natural gas contracts.
We also supplied a bank guarantee for a separate micro-tunnelling construction contract in Kuwait.
“Bothar has strong turnover and a solid pipeline of work and we’re pleased to provide the financial support it needs to grow its business worldwide,” said Export Finance Australia’s Andrew Watson.