This morning's update from Dekel underlines the positive timing of the recently announced drawdown of €9.2m from its €15.2m seven-year bond facility. A part of the proceeds, totalling €3.6m, has been used to pay down an outstanding loan with AgDevCo by approximately 50%, with the potential for further repayments as Dekel continues to optimise its long-term debt structure, providing at the same time a short-term benefit and an even greater long-term one against the backdrop of generally rising ra ....
16 Aug 2022
WH Ireland: Dekel Agri-Vision (DKL) - €3.6m loan refinancing at improved rates underscores good timing; cashew plant progressing drives nearing prospect of material uplift in operating cashflow
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WH Ireland: Dekel Agri-Vision (DKL) - €3.6m loan refinancing at improved rates underscores good timing; cashew plant progressing drives nearing prospect of material uplift in operating cashflow
Dekel Agri-Vision Plc (DKL:LON) | 1.3 0 0.0% | Mkt Cap: 7.14m
- Published:
16 Aug 2022 -
Author:
Nick Spoliar | Charlie Cullen -
Pages:
4
This morning's update from Dekel underlines the positive timing of the recently announced drawdown of €9.2m from its €15.2m seven-year bond facility. A part of the proceeds, totalling €3.6m, has been used to pay down an outstanding loan with AgDevCo by approximately 50%, with the potential for further repayments as Dekel continues to optimise its long-term debt structure, providing at the same time a short-term benefit and an even greater long-term one against the backdrop of generally rising ra ....