Carbon Revolution plc Announces Debt Payment and Redemption Plan with Exit Premium on Series 2025-A Notes

Reuters
05-13
<a href="https://laohu8.com/S/CREV">Carbon Revolution</a> plc Announces Debt Payment and Redemption Plan with Exit Premium on Series 2025-A Notes

Carbon Revolution plc has recently amended its financial agreements to facilitate debt payment and redemption processes. The company entered into a series of agreements related to its Structured Equity Facility, securing up to US$110 million in funding. As part of these agreements, Carbon Revolution received an initial US$35 million in November 2023, with additional funds contingent on meeting certain conditions. In December 2024, amendments allowed the release of US$25 million from the remaining funds, with interest structured at 12% per annum, partly payable in cash and partly in-kind. Additionally, modifications to the New Debt Program enabled the release of US$2 million from a payment reserve fund, structured as term advances with a 12% interest rate. Upon maturity or redemption of the Series 2025-A Notes, an exit premium of twice the funded amount minus prior payments will be required. These strategic financial maneuvers are aimed at optimizing Carbon Revolution's financial structure and ensuring smooth debt handling.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carbon Revolution plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-018383), on May 12, 2025, and is solely responsible for the information contained therein.

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