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Norwood Systems Ltd ( (AU:NOR) ) has provided an announcement.
Norwood Systems Ltd has entered into a sixth deed of variation to its loan agreement with Balmain Resources Pty Ltd, extending the repayment date of its cash drawdown facility to 28 February 2025, with an extension fee of 1.0% on the new principal amount. The Board assesses the transaction as favorable compared to market rates, indicating continued support from Dr. John Tarrant, who controls Balmain Resources, highlighting a strong relationship benefiting Norwood’s operational stability.
More about Norwood Systems Ltd
Norwood Systems (ASX: NOR) is a leading innovator in voice communication services, focusing on advanced conversational and generative AI technologies to enhance global communications. The company provides reliable and cutting-edge voice services to customers worldwide.
YTD Price Performance: -40.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.2M
For a thorough assessment of NOR stock, go to TipRanks’ Stock Analysis page.
