MaxiPARTS (ASX:MXI) negotiated an extension of its debt facility with Commonwealth Bank of Australia (ASX:CBA) for a non-amortizing loan facility of AU$28 million due Sept. 30, 2028, according to a Monday Australian bourse filing.

The company said the facility, which was drawn to AU$25 million as of the last reporting date, is sufficient to support its business in its current form and will continue to allow the business to invest in its organic growth programs.

The company has also negotiated an extension of its exclusive Australian distribution agreement for its Forch products until May 31, 2032, which was previously expiring in April 2030.

The company has exercised its option to acquire the remaining 20% shareholding of Forch Australia, governed by the previously agreed valuation methodology, and although yet to be formally agreed, is expected to be completed early in 2026 for a total consideration of about AU$2.1 million.

The company expects the Forch Australia business to continue to deliver growth rates higher than the traditional segments over the short to medium term.

The company's operations segment has leased a retail site in Kalgoorlie in Western Australia and anticipates commencing trading in August.

MaxiPARTS has seen a significant increase in the scale of its Western Australian business, store network, and larger multi-site customer relationships following the acquisition of Independant Parts in November 2023.

MaxiPARTS' shares fell past 1% in recent Monday trade.