During the previous year, the Company refinanced its credit arrangements, replacing the existing facility with a new five-year facility totalling £325.0 million, thereby increasing OCI’s flexibility and liquidity.
As at 30 June 2026, the Company had drawn £250.6 million net of directly attributable transaction costs, including accrued interest of £3.0 million of the £325.0 million facility. Subsequent to the period-end, the Board and lenders approved a further £75 million increase in the Company's facility limit.
The facility has a term of 60 months from the first utilisation date and is due to be renewed in April 2030.
Balance as at 31 December 2025 £'000 | Drawdowns £'000 | Repayments £'000 | Net interest movements* £'000 | Deduction of transaction costs £'000 | Foreign exchange movements £'000 | Total £'000 | |
|---|---|---|---|---|---|---|---|
Borrowings | (224,514) | (25,336) | – | – | (605) | 2,859 | (247,596) |
Borrowings accrued interest | (1,891) | – | – | (1,117) | – | 15 | (2,993) |
| (226,405) | (25,336) | – | (1,117) | (605) | 2,874 | (250,589) |
*This movement does not reconcile to the statement of comprehensive income, as it includes payments of interest and excludes the amortisation of loan arrangement fees.