Spacetalk Limited has successfully renegotiated its $5 million loan facility, extending the maturity date to March 2027 with a structured amortization schedule.
The loan maintains a 9.50% interest rate and includes financial covenants to ensure stability, such as a minimum cash balance of $750,000 and quarterly operating cash flow targets.
This refinancing provides Spacetalk with increased financial flexibility to support its growth initiatives and strategic objectives.
The company's CEO, Simon Crowther, expressed satisfaction with the new terms, viewing them as a testament to the lender's confidence in Spacetalk's business model and growth prospects.
ASX Code: SPA