News: IMD Imdex finalises sale of its wholly owned oil and gas businesses

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    Dec 28 (Reuters) - Imdex Ltd (IMD)

    • finalised sale of its wholly owned oil and gas businesses.
    • New facility has an interest rate of less than 5% and has been partially drawn down to pay out bain capital in full.
    • price for sale of oil and gas business is a$3.5 million
    • secured a new finance facility with bankwest to replace bain capital
    • Company has successfully secured a a$30 million facility with bankwest to replace bain capital facility
    • new bank facility and sale of o&g businesses
 
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