The deferral of bond repayments to meet expected major cashflows is perhaps inevitable and we would expect this to be acceptable to bondholders given the enhanced interest rate. It allows the company time to maximise the monetisation of the initial project and to pursue further storage opportunities at the Uskmouth site.

23 Feb 2023
SIMEC Atlantis - Adjusting The Bonds To Meet Payments

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SIMEC Atlantis - Adjusting The Bonds To Meet Payments
SIMEC Atlantis Energy Ltd. (SAE:LON) | 2.2 0 (-6.5%) | Mkt Cap: 15.5m
- Published:
23 Feb 2023 -
Author:
Adam Forsyth -
Pages:
3 -
The deferral of bond repayments to meet expected major cashflows is perhaps inevitable and we would expect this to be acceptable to bondholders given the enhanced interest rate. It allows the company time to maximise the monetisation of the initial project and to pursue further storage opportunities at the Uskmouth site.