Aceso Life Science Group Enters Non-Binding Term Sheet for Refinancing 2018 Facility Agreement
Reuters
Jul 14
Aceso Life Science Group Enters Non-Binding Term Sheet for Refinancing 2018 Facility Agreement
Aceso Life Science Group Ltd. has announced a voluntary update regarding a potential refinancing arrangement for its existing facility agreement dated 9 March 2018. The company has entered into a non-legally binding term sheet with the facility and security agent, aiming to refinance the outstanding amount under the 2018 Facility Agreement. This possible facility will be used not only to address the existing debt but also to fund additional capital investments in the company's commercial properties located at 55 Mark Lane, London. The parties involved are working towards finalizing a legally-binding agreement by August 2025. Aceso Life Science Group emphasized that the outcome of this arrangement remains uncertain and advised shareholders and investors to exercise caution. Further announcements will be made as developments occur.
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