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KMD Brands Refinances Debt With NZ$208 Million Credit Facilities

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KMD Brands (ASX:KMD, NZE:KMD) refinanced its debt through NZ$208 million in syndicated sustainability-linked, multi-currency revolving credit facilities, according to a Friday filing with the Australian and New Zealand bourses.

The company's new facility, with a term of up to 2.5 years, includes NZ$43 million in tranches due on June 30, 2027, extending its funding through to Oct. 1, 2028, per the filing.

The funds are expected to provide sufficient liquidity to meet working capital needs, the filing said.

The refinancing supports the company's target leverage of below 0.5 times net debt-to-earnings before interest, taxes, depreciation, and amortization while linking loan pricing to updated environmental, social, and governance targets, the filing added.

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