Field Solutions Holdings secures $5m working capital facility from Kestrel Structured Capital Fund

Field Solutions Holdings Limited (ASX:FSG) has finalized a flexible working capital facility of up to $5M from the Kestrel Structured Capital Fund. The facility, subject to shareholder approval, features an interest at bank base rate (BBSW) plus 10%, payable monthly, and a 3% arrangement fee to Kestrel Structured Capital Fund. Additionally, up to 27,979,854 warrants at 4.0c, exercisable within a 5-year period, will be issued to Kestrel Structured Capital Fund.

Executive Commentary on the Working Capital Facility

Kestrel is a long-term shareholder and supporter of FSG, and we look forward to working with them as we continue FGS's organic growth.

Summary of Field Solutions Holdings' Announcement

Field Solutions Holdings (ASX:FSG) has secured a $5M working capital facility from the Kestrel Structured Capital Fund, replacing the previous overdraft facility with Commonwealth Bank. The new facility, subject to shareholder approval, offers flexibility and headroom to support the company's growth trajectory. The announcement also highlights the issuance of warrants at a premium of 43% over the last closing price, providing additional financial support. With Kestrel's long-term support, FSG aims to continue its organic growth and expand its services in rural, regional, and remote Australia.