(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.
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Proactive UK Ltd
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