Jervois Global Transfers Subsidiary’s Facility Debt

Jervois Global Limited (AU:JRV) has released an update.

Jervois Global Limited has announced a key financial update: the debt from its subsidiary Jervois Finland’s Secured Working Capital Facility, originally provided by Mercuria Energy Trading S.A., has been transferred to the majority bondholder of the Idaho Cobalt Operations’ Senior Secured Bond. The terms of the Facility remain unchanged, with Jervois continuing to guarantee the debt unsecured. Furthermore, Jervois is actively pursuing potential financial strategies to reinforce its balance sheet.

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