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.
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