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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.