Symal (ASX:SYL) has established $300 million of new revolving corporate debt and bank guarantee facilities, according to a Monday Australian bourse filing.

The company said that the new facilities provide a sustainable, lower-cost funding platform, stronger covenant headroom, and committed liquidity to support its next phase of growth.

The facilities also add flexibility for inorganic expansion and reduce risk through simplified, evergreen financing with NAB, Commonwealth Bank, and Westpac, the filing added.

All outstanding bank guarantees will roll over to the new group facilities, but existing asset financing arrangements will largely remain in place for the balance of their contractual term, the company added.

The company said that while the group will maintain asset financing limits with a range of banks and original equipment manufacturers (OEMs), the majority of future capital expenditure and inorganic growth is expected to be funded under the new group facilities.

Symal has increased its performance bonding facility with Asset Insure from AU$50 million to AU$100 million, alongside the establishment of the new corporate facilities.