RPM Automotive Group Limited announced new $26 million bank facility with CBA (replacing existing NAB facility) which includes commercial loans, asset finance and trade finance will also be utilised to cover the existing deferred acquisition payments to be made in 2H FY23. The trade finance facility has been restructured to better support the Company's expanding operations and significantly improve working capital. It is expected that the new facility will provide increased funding (>$9.5m) to cover working capital requirements and organic growth.

The new facility will be available for drawdown before the end of 2022.