BSHVF - Bushveld Minerals Limited announces noteworthy news
(NewsDirect)
Fortune Mojapelo, CEO of Bushveld MineralsLimited (AIM:BMN) (OTC:BSHVF), discussed the restructuring of theirconvertible loan note with Proactive London.
The restructuring involves converting 60%of the note into a three-year term loan, worth $27 million, repayablein annual installments. Another $13.5 million will be converted into anew CLN maturing in June 2028, with an option for redemption in 2026.Additionally, $4.5 million will be converted into shares at a premiumprice.
This restructuring relieves near-term balance sheetpressures, reduces dilution risk, and supports sustainable growth.Shareholder approval is required for the completion of thisrefinancing, which will positively impact the company's financialposition.
Contact Details
Proactive UKLtd
Proactive UK Ltd
+44 20 7989 0813
Copyright (c) 2023 TheNewswire - All rights reserved.