tiprankstipranks
SDX Energy Secures Loan Refinancing and Shareholder Approval
Company Announcements

SDX Energy Secures Loan Refinancing and Shareholder Approval

SDX Energy (GB:SDX) has released an update.

Don't Miss Our Christmas Offers:

SDX Energy PLC has extended the repayment date of its existing convertible loan to October 28, 2024, with an increased payback amount of $3.82 million, after securing a loan refinancing deal with Aleph Finance Ltd for up to $3.25 million. The company has also arranged additional funding of approximately $2.0 million to be used for capital expenditures in Morocco and general corporate purposes, subject to conditions. In a recent General Meeting, SDX shareholders approved resolutions allowing for the conversion of the outstanding loan into company shares.

For further insights into GB:SDX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskSDX Energy PLC Announces General Meeting Plans
TipRanks UK Auto-Generated NewsdeskSDX Energy to Delist from AIM and Go Private
TipRanks UK Auto-Generated NewsdeskSDX Energy Secures Loan Refinancing for Future Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App