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EPE Special Opportunities to extend loan notes by a year
(Sharecast News) - EPE Special Opportunities told holders of its 8% unsecured loan notes due 2025 on Friday that it intends to extend the maturity date by one year, subject to compliance with the terms of the loan note instrument as of 23 July. Under the existing provisions of the loan note instrument dated 23 July 2015, and subsequently amended, the final repayment date would be extended to 23 July 2026.
In line with the instrument's terms, the interest rate on the notes would increase to 8.5% per annum for the extended period.
The AIM-traded firm said the change would take effect from 23 July, provided all conditions were met.
Reporting by Josh White for Sharecast.com.
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