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Imdex ties up loose ends

DRILLING fluid giant Imdex has effectively de-risked its balance sheet after offloading its oil and gas assets and picking up a fresh finance facility with Bankwest.

Karma Barndon
Imdex managing director Bernie Ridgeway.

Imdex managing director Bernie Ridgeway.

The $A30 million Bankwest facility attracts an interest rate of less than 5%, compared to the Bain Capital facility at 10.75%, and has been partially drawn down to pay out Bain Capital in full. Imdex...

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