Sandon Capital Investments (ASX:SNC) has proposed to restructure the terms of unsecured notes due for redemption on July 10, as well as a placement of new notes to raise about AU$10 million, according to a Monday filing with the Australian bourse.

The restructuring, if approved by noteholders, would allow them to extend their investment until up to July 10, 2030, at a new fixed interest rate of 8.5% per year, up from the current rate of 4.8%. It would also rework interest payments to a monthly basis from the current semi-annual structure, and provide an early redemption option at the company's discretion at any time after July 10, 2028.

The company said it also plans to launch a placement of new notes to sophisticated and wholesale investors, conditional upon noteholder approval of the restructuring proposal.

Proceeds from the placement will first be used to fund the potential redemptions of existing notes, and then for working capital purposes.

Sandon Capital shares fell 1% in recent Monday trade.