Qoria Limited Entered Into A Facility Extension With Ashgrove Capital

Qoria Limited (ASX: QOR) has successfully secured an extension of its debt facility with AshGrove Capital, increasing the total amount from AU$37.85 million to AU$47.85 million. The original Growth Facility, which was established at AU$30.35 million in June 2023 and extended to AU$37.85 million in January 2024, will now provide an additional AU$10 million.

The terms of the facility include a five-year term, an interest rate of BBSY + 8.75%, and the option to capitalize 4.25% of the margin for the first two years. Security has been granted over Qoria's material assets across multiple countries. The extension documents are expected to be executed shortly, with other terms remaining largely unchanged.

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