Australian Agricultural Company (ASX:AAC) said the refinancing of its existing club debt facilities with the same lending group under a lower cost of debt extended the expiry until Oct. 8, 2030, and increased the total committed facility capacity to AU$680 million from AU$600 million, according to a Friday Australian bourse filing.

The current dual facility structure was retained, with facility A having a five-year term and facility B having a rolling 18-month term.

The total committed facility capacity for facility A rose to AU$470 million from AU$410 million, repayable on Oct. 8, 2030, while the facility B limit was lifted to AU$210 million from AU$190 million, repayable on April 8, 2027.

Total borrowings under facility A and facility B are currently around AU$456 million.