Horizonte Minerals (GB:HZM) has released an update.
Horizonte Minerals PLC has announced the extension of waiver agreements with senior lenders until 30th April 2024, with no assurance of further extensions beyond this date. If the company fails to pay deferred interests due by 1st May 2024, lenders may take severe actions including cancelling debt facilities and enforcing security over the company’s assets. Additionally, the company’s Brazilian subsidiary has secured a 60-day injunction to negotiate a restructuring plan with creditors, highlighting potential financial uncertainty.
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