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Jervois Global Limited (ASX:JRV)
ALERT: Price-sensitive ASX Announcement for JRV
Current share price for JRV : $0.011 -0.002 (-15.38%)+
Announcement
Release
16 Oct 2024 9:24AM
Price at Release
$0.013
Full Release
Summary
Jervois Global Limited has announced that the majority bondholder of the US$100 million Idaho Cobalt Operations senior secured bonds and lender under the Jervois Finland Working Capital Facility has agreed to extend waivers under both facilities to 14 December 2024. This agreement includes extensions to financial covenants, potential cross-defaults, and interest deferrals on the ICO Bonds. Approval from bondholders has been secured, which is part of ongoing negotiations to strengthen Jervois' financial position.
Key Points
- Extensions to waivers under Jervois Debt Facilities announced.
- Waivers extended to 14 December 2024.
- Includes ICO Bonds interest deferral and financial covenant compliance.
- Approval from at least 2/3 of ICO bondholders obtained.
- Ongoing negotiations to strengthen Jervois' balance sheet.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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