HighCom Ltd Secures A$4.5m Loan Facility
Key points
- Rollover and limit increase to $4.5m approved by Commonwealth Bank
- Consolidation of US and Australian loan facilities
- Supports working capital, sales growth, and capital expenditure
Full summary
HighCom Limited has executed finance documentation with the Commonwealth Bank for the renewal and consolidation of an increased loan facility limit from $1.5m to $4.5 million to support the Company's continued growth. The increased loan facility will replace the US loan with PNC Bank. While the Company has a robust cash position following the placement and share purchase plan completed in Q3FY26, which raised ~$7.8 million, securing the increased Loan Facility marks another step in the Company's growth trajectory, providing greater flexibility to assess and implement funding that optimises cost of capital in servicing growing demand for the Company's products.
Guidance
HighCom Ltd has secured a $4.5m loan facility to support its growth.
Outlook
The increased loan facility will support working capital, sales growth, and capital expenditure.
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