OM Holdings Ltd. ( (AU:OMH) ) has issued an update.
OM Holdings Limited has successfully completed a refinancing process for its subsidiaries, OM Materials (S) Pte Ltd and OM Materials (Sarawak) Sdn Bhd, through a US$168 million syndicated debt facility and additional working capital and bank guarantee facilities totaling approximately US$136 million. This refinancing effort, supported by both new and existing lenders, offers improved terms and aligns with the company’s strategy to reduce borrowing costs and extend the maturity profile of its debt. The move is expected to enhance OM Holdings’ financial position, providing greater flexibility for growth and strengthening its cash flow over the next four years.
More about OM Holdings Ltd.
OM Holdings Limited is a company incorporated in Bermuda with operations in Malaysia. It is involved in the materials industry, focusing on the production and supply of various materials, likely including metals or minerals, given the context of the announcement.
YTD Price Performance: -9.46%
Average Trading Volume: 34,133
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$252.2M
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