StockMarketWire.com - Ncondezi Energy said it had received 'in principle' support from all of its lenders regarding the restructuring of $4.3m of borrowings.

The proposals included a 12-month extension on existing terms, including 12% annual interest rate and ability for lenders to swap debt for equity at 10p per share.

Documentation for the restructuring was being finalised for submission to lenders, which had indicated that they would not call in the loan while the process was being finalised.

The loan currently matured on 30 November 2019.


At 9:27am: [LON:NCCL] Ncondezi Energy Limited share price was +0.05p at 5.25p



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