Elanor Investors Group (AU:ENN) has released an update.
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Elanor Investors Group has refinanced its senior secured debt with an $85 million facility from Keyview Financial Group, while negotiating terms for its unsecured corporate notes. The group is working on stabilizing its balance sheet and plans to finalize its FY24 financial results and annual report following the restructuring of these notes. No distribution will be paid for the six months ending December 2024, as the company focuses on asset realization and reducing its gearing ratio.
For further insights into AU:ENN stock, check out TipRanks’ Stock Analysis page.
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