OM Holdings (ASX:OMH) said its Malaysian units, OM Materials, and OM Materials Sdn Bhd, have fully drawn from a $168 million syndicated debt facility.
The company has also utilized as needed from its $136 million arranged working capital and bank guarantee facilities, the filing said.
The syndicated debt facility includes a four-year term loan, a three-year revolving credit line, and a prepayment credit facility with a 12-month extension option, the filing said.
The funds will refinance loans maturing this year and in 2026, and support general corporate purposes, the company said.
OM Holdings said the new terms offer improved covenants, longer repayment periods, and better pricing compared to its previous facility, the company added.
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