ECO Animal Health Group plc announced that it has signed a new bank facility agreement with its bank, National Westminster Bank plc ("NatWest"). The new facility is a Revolving Credit Facility ("RCF") and will provide for drawings of up to £10 million in flexible amounts and repayment periods. The facility has a term expiring on 30 June 2026.

The interest rate is 1.95% plus the Sterling Overnight Index Average lending rate. Covenants, comprising customary leverage and interest cover tests, are reported six monthly to NatWest, co-incident with ECO's AIM financial reporting obligations. The facility is in addition to the Company's pre-existing £5 million overdraft facility.

Pre-existing security arrangements support the new facility. The RCF will provide structured working capital support. Whilst it is not intended that the RCF will directly fund any elements of the R&D programme, its existence will ensure that the ECO Group will have the confidence to progress the new product development programme and deal with working capital movements.