Amaero International (ASX:3DA) has secured a $22.8 million loan from the Export-Import Bank (EXIM), down from the initially reported $23.5 million due to reduced capitalized fees, according to a Wednesday filing with the Australian bourse.

The credit agreement, extended to Amaero's US unit Amaero Advanced Materials & Manufacturing, will support its expansion in advanced materials and additive manufacturing, the filing said.

The loan carries a fixed interest rate of 5.43% per annum, with a total cost of around 7.05% per annum over an eight-year term, and will finance capital equipment and facility improvements at Amaero's manufacturing site in McDonald, Tennessee, the filing added.

Amaero also confirmed that completion of the first tranche of its AU$22 million capital raise has satisfied a condition precedent for the loan's first draw.

3DA expects to draw about $12 million in the June quarter, with the remainder to be drawn in the fiscal year 2026.

Amaero's planned capital expenditures over the next three years are projected at $46.5 million, including $28.5 million for capital equipment and $18 million for facility improvements, with work scheduled for completion by the end of the current fiscal year.

Shares of the company fell 7% in recent Wednesday trade.