• 15 Sep 25
 

Tern PLC - Extension of Loan Facility Term

Tern PLC | TERN | 0.8 0 0.0% | Mkt Cap: 4.82m


 
RNS Number : 2335Z
Tern PLC
15 September 2025
 

15 September 2025

 

Tern Plc

 

("Tern" or the "Company")

 

Extension of Loan Facility Term

 

Tern Plc (AIM:TERN), the investment company specialising in supporting high growth, early-stage, disruptive Internet of Things ("IoT") technology businesses, announces that in order to assist with the preservation of the Company's cash resources and to enable the Company to have greater negotiating flexibility in relation to the possible capital requirements of its investments, the repayment date of the loan facility agreement originally announced on 12 June 2023 (the "Loan") and subsequently varied, as announced on 4 September 2024, has, following approval by the Loan provider, been extended from 15 September 2025 to 5 March 2026.

 

Approximately £150,000 remains outstanding under the Loan and this amount plus accrued interest at a rate of 1.00% per calendar month will be repayable by the Company on or before 5 March 2026.

 

Enquiries

 

Tern Plc

Jane McCracken (Interim Non-Executive Chair)

via IFC Advisory

 

Allenby Capital Limited

(Nominated Adviser and Broker)

Alex Brearley / Dan Dearden-Williams (Corporate Finance)

Kelly Gardiner / Guy McDougall (Sales and Corporate Broking)

 

Tel: 0203 328 5656

 

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Florence Staton

 

Tel: 0203 934 6630

 

 

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