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OM securers $60M debt agreements

OM HOLDINGS has executed a $US50 million ($A56.2 million) debt facility and $10 million loan to help strengthen its balance sheet, refinance short-term liabilities and deliver the OM Sarawak project.

Andrew Duffy
OM securers $60M debt agreements

The new debt facility was agreed with the company’s long-standing financier, Standard Chartered Bank. The $10 million loan comes from certain managers and investors of the company. No OM directors...

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