Advantex Marketing International (TSE:ADX) has released an update.
Advantex Marketing International Inc. has successfully negotiated amendments with its debenture holders, allowing for a deferral of interest payments due in September 2024 and adjustments to the financial covenants for mid and late 2024. The $7.759 million in debentures will now have the deferred interest paid in three equal installments over the remaining term, with a maturity date of December 31, 2025. This strategic move aids the company in managing its capital and fortifies its commitment to providing merchant cash advances and loyalty marketing products.
For further insights into TSE:ADX stock, check out TipRanks’ Stock Analysis page.
