• New 3-year debt facility with HSBC for $16.2M
• Replaces existing $52.5M facility due to expire in 2026
• Reduced financing needs following business transformation

McPherson's Limited (ASX:MCP) has announced that it has entered a new three-year debt facility with the Hongkong and Shanghai Banking Corporation, Sydney Branch (HSBC) for total facilities of $16.2 million. This new facility comprises a $10 million full recourse receivables finance facility and a $6.2 million revolving credit facility. The existing $52.5 million debt facility, put in place in March 2023, was due to expire in March 2026. Since then, McPherson's has undertaken a comprehensive transformation of its business operations, exiting non-core activities including the Multix brand and full warehousing capabilities, and significantly reducing the company's financing requirements through changes in its route to market, operating model, and working capital needs. As an interim measure in February 2025, McPherson's had reduced the working capital finance component of the existing facility from $45.0 million to $25.0 million. Given the company's net cash position and anticipated financing requirements following the implementation of the new operating model, management has determined that total facilities of $16.2 million are more appropriate for the needs of the company.