Matrix Composites & Engineering (ASX:MCE) said its AU$7.5 million convertible note, issued to Collins Street Asset Management in December 2022 with a three-year term to maturity and a 10.5% coupon rate, matured on Friday and was fully redeemed, according to a Monday Australian bourse filing.
The repayment was funded via the AU$7.5 million term loan, part of a facility agreement with National Australia Bank (ASX:NAB).
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