Eildon Capital Extends Loan Facility

MT Newswires Live

04/16

Eildon Capital Group (ASX:EDC) has extended its mezzanine loan facility for the Kings-Newport Village project in Victoria by six months to Sept. 30, according to a Wednesday filing with the Australian bourse.

The group also agreed to a revised interest rate of 16.5% per annum, compounding monthly, and a requirement for an AU$1.5 million repayment by June 30, to reduce the project's debt, the filing said.

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