KMD strengthens balance sheet with debt refinance

Friday 26th June 2026

KMD Brands Limited (NZX / ASX: KMD, “KMD”, “Company”, or the “Group”) today announces that it has successfully completed the refinance of its existing debt facilities with NZ$208(1) million of syndicated sustainability-linked multi-currency revolving facilities.

As announced on Tuesday, 31 March 2026, the new facility term of up to 2.5 years includes NZ$43 million tranches maturing 30 June 2027 and provides the Group with funding through to 1 October 2028.

The refinanced facility provides KMD with a stable, long-term capital structure that, in combination with the proceeds from the equity raising successfully completed in April 2026, is expected to provide sufficient liquidity to fund working capital requirements. The facility provides KMD with operational flexibility as it continues to execute its Next Level transformation and further reduce leverage over the longer-term to a ratio of <0.5x Net Debt / EBITDA.

The new facility also continues to build on the Company’s previous sustainability linked loan structure with revised targets that incorporate a pricing mechanism that incentivises ongoing improvement in achieving the Group’s key environmental, social and governance (ESG) objectives.

ENDS

KMD Brands Limited strengthens balance sheet with debt refinance

Comments from our readers

No comments yet