Announced the closing on July 14, 2023, of a US$5.9-million term loan facility. The Loan Facility comprises separate loans from a group of arm’s length lenders made pursuant to credit agreements between Condor and each Lender having an aggregate principal amount of US$5.9 million (CA$7.8 million). The Credit Agreements are on substantially the same terms, other than the timing for principal repayment whereby US$2,840,000 of principal will be repaid in eight quarterly installments commencing on October 14, 2024 and US$3,060,000 is due at maturity in 2026. The Loan Facility bears interest at 9.0% per annum, is unsecured, non-revolving and is available for working capital requirements and general corporate purposes. Condor Energies Inc. shares T.CDR are trading up $0.04 at $1.14.
Stocks in play: Condor Energies Inc.
Baystreet.ca - Baystreet - Contributor Content
This article could contain syndicated content. We have not reviewed, approved, or endorsed the content and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/Intel%20Corp_%20Santa%20Clara%20campus-by%20jejim%20via%20Shutterstock.jpg)
/The%20CrowdStrike%20logo%20on%20an%20office%20building%20by%20bluestork%20via%20Shutterstock.jpg)