• $5.0m debt facility secured to accelerate growth
• Funding facility is non-dilutive to shareholders
• NAB facility comprises $3.5m Invoice Finance Facility and $1.5m Trade Finance Facility

Biome Australia Limited (ASX: BIO) has announced that its wholly owned subsidiary, Biome Australia Trading Pty Ltd, has entered into a $5.0 million secured debt facility with National Australia Bank (NAB) to accelerate the company's growth. This facility will replace Biome's existing debt facility with Tradeplus24, announced in June 2023, at a significantly improved interest rate. The NAB facility is divided into two components: a $3.5 million NAB Invoice Finance Facility to provide invoice funding for Biome's Australian accounts receivables, and a $1.5 million NAB Trade Finance Facility. The current interest rates for the facilities are 7.75% and 7.53% per annum, respectively. The facility is secured by a General Security Agreement over Biome Trading's assets, a first ranking priority charge over the receivables book, and a Deed of Guarantee and Indemnity from the Company. Biome will utilize this facility to optimize inventory management and support the growth of the business both locally and internationally as volumes continue to increase. The use of this facility toward investment in inventory will allow for improvement in supply chain efficiencies and cost of goods sold (COGS).