Ondo InsurTech has announced that the repayment dates of the £6m vendor loan note have been pushed back to 2027-2030, enabling it to be repaid from Ondo's growing cashflow-positive operations and removing any concern that funds might be sought from investors.

25 Nov 2024
Ondo Vendor Loan Note restructuring

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Ondo Vendor Loan Note restructuring
Ondo Insur Tech PLC (ONDO:LON) | 33.5 0.2 1.8% | Mkt Cap: 46.4m
- Published:
25 Nov 2024 -
Author:
Paul David Richards | Lorne P. Daniel -
Pages:
6 -
Ondo InsurTech has announced that the repayment dates of the £6m vendor loan note have been pushed back to 2027-2030, enabling it to be repaid from Ondo's growing cashflow-positive operations and removing any concern that funds might be sought from investors.