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Aeon Metals: Extends loan facility by 12 months

Aeon Metals Extends loan facility by 12 months

  • Aeon Metals (AML) extends loan repayment to a fund managed by OCP Asia by 12 months
  • The company says its major shareholder and lender, OL Master, agreed to the extension, with the facility now due on December 17, 2024
  • Aeon will pay an amendment fee equivalent to two per cent of the total OCP facility size, payable at maturity date
  • The initial debt of $27.68 million was originally due in December 2017, however the company extended the facility a number of times
  • AML shares were down 6.6 per cent, trading at 2.8 cents at market close
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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