Bundaberg BioHub Secures Funding, Eyes Mid-2024 Debt Repayment

Bundaberg BioHub has secured construction funding, paving the way for debt repayment to Locality Planning Energy Holdings Limited (LPE) by mid-2024. The BioHub, owing LPE approximately AU$6.1 million, has prepaid AU$230,000 in interest for Q1 2024 at a rate of 15% per annum. The repayment deadline for the Total Debt, including capital works funds, accrued interest, and legal fees, has been extended to June 28, 2024.

Construction on the BioHub, expected to enhance its value to AU$30 million, is set to begin soon. LPE Chairman, Justin Pettett, expressed optimism, citing the Board's flexible approach and the already secured construction funding, anticipating full repayment by mid-2024.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com