Intelligent Monitoring Group (ASX:IMB) received offers and selected an indicative term sheet from one of Australia's "Big 4" banks to refinance its ADT unit's acquisition-related debt facility, according to a Tuesday filing with the Australian bourse.
The company will move to finalize the facility in January and February 2025.
The refinancing is expected to materially improve the company's free cash flow, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.