Advantex Secures Debenture Payment Deferral

Advantex Marketing International (TSE:ADX) has released an update.

Advantex Marketing International Inc. has successfully negotiated an amendment with its debenture holders to defer the March 2024 interest payment into four equal installments, to be paid with future semi-annual payments. They have also revised financial covenants for the upcoming fiscal quarter. This strategic move aims to strengthen the company’s financial flexibility as it continues to provide merchant cash advances and loyalty marketing solutions.

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