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HighCom Limited (ASX:HCL)

ALERT: Price-sensitive ASX Announcement for HCL
Current share price for HCL : $0.125 -0.05 (-28.57%)+
Announcement
Release
27 May 2026 9:05AM
Price at Release
$0.175
Full Release
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Summary
HighCom Limited announced the renewal and consolidation of an increased A$4.5 million loan facility with the Commonwealth Bank. This marks a strategic financial move to support the company’s ongoing growth by replacing its US loan with PNC Bank and consolidating its US and Australian loan facilities. The loan will aid in working capital, sales growth, and capital expenditure, providing greater flexibility in managing the cost of capital. HighCom raised approximately A$7.8 million in Q3FY26 through a placement and share purchase plan, supplementing its robust cash position. The loan facility, secured by existing arrangements with Commonwealth Bank, is set for a two-year term before its next rollover review. Interest rates and fees are in line with standard commercial terms, further supporting the company’s funding strategy as it capitalizes on its market momentum.
Key Points
  • Commonwealth Bank approved a loan facility increase to A$4.5 million.
  • HighCom Limited raised approximately A$7.8 million in Q3FY26.
  • Loan facility replaces the US loan with PNC Bank.
  • The loan supports working capital, sales growth, and capital expenditure.
  • The facility has a two-year term before the next review.
  • Interest rates and fees are on standard commercial terms.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.