ASX Announcement – A$4.5m Loan Facility with Commonwealth Bank
Key highlights:
- Rollover and limit increase to $4.5m approved by Commonwealth Bank
- Total debt facilities of $4.5m available in addition to the balance of the $7.8m cash raised in Q3FY261
- Consolidation of US and Australian loan facilities to support working capital, sales growth and capital
expenditure
HighCom Limited (ASX: HCL) (HighCom or the Company) is pleased to advise that it 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 million1, 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.
HighCom’s Executive Chair Geoff Knox, commented:
“As we capitalise on our market momentum with new sales and a building pipeline, we are very pleased to
have the support of the Commonwealth Bank, as our long-term banking partner through renewing and
extending our finance facilities.”
Facility details
| Facility | Loan Facility |
| Limit | AUD$4,500,0000 |
| Term | Two-year term before next rollover review |
| Security | Existing security arrangements from the Company and its subsidiaries acceptable to Commonwealth Bank |
The interest rate and fees associated with the Loan Facility are on standard commercial terms.
1Refer the ASX announcement titled “Placement and Share Purchase Plan” released 11 February 2026.
This ASX announcement has been authorised for release by the Board.