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Elanor Investors Group ( (AU:ENN) ) has shared an update.
Elanor Investors Group has successfully passed a Special Resolution with its Noteholders to stabilize its balance sheet, a significant step in its financial strategy. The resolution includes increased coupon rates, revised note terms, and extended maturity dates, aiming to provide flexibility and security for the company’s financial obligations. Despite challenges with asset realization and debt repayment covenants, Elanor remains optimistic about its ongoing relationship with Keyview and anticipates continued support. The company is in the process of finalizing its FY24 financial results and plans to request the ASX to lift the suspension of its securities, although there is no guarantee of approval.
More about Elanor Investors Group
Elanor Investors Group is a real estate investment and funds management group with approximately $5.8 billion in funds under management across Australia and New Zealand. The company focuses on the commercial office, retail, industrial, and healthcare sectors, with a strong track record in acquiring and unlocking value in real estate assets that offer significant income and capital growth potential.
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$121.7M
Learn more about ENN stock on TipRanks’ Stock Analysis page.