Outdoor surf and lifestyle company KMD Brands, the owner of Kathmandu, Rip Curl and Oboz, has recruited the help of Goldman Sachs to undertake a major recapitalisation of its assets.

Founded in 1987, the Christchurch-based company notified the NZX of the move, as it continues its transformation strategy.

The group said that Goldman Sachs will help with its “treasury and capital management strategy as part of an ongoing review of funding options”.

“The group is in discussions with lenders on the refinancing of its long-term debt facilities,” the NZX update added. “No decision has been made by the group to undertake any recapitalisation initiatives nor have the terms of any refinancing been agreed.”

The group is planning to report its half-year results later this month. Its latest trading update indicated that KMD had lifted its forecast following resurgent sales at Kathmandu.

KMD’s share price, which is dual-listed on both the NZX and ASX, has declined by around 46 per cent in the past year. The group projected its net debt to be in the range of $85 million to $90 million at the end of January.