Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.

Shares in Perth-based Quintis have been suspended since May while it continues discussions with a number of parties over potential debt and equity transactions to recapitalise the business.

The company will enter into a note agreement with existing lenders that will allow it to issue up to $US15 million of series A notes and $US5 million series B notes.

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