SDX Energy (GB:SDX) has released an update.
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SDX Energy PLC has extended the repayment date of its existing convertible loan to October 28, 2024, with an increased payback amount of $3.82 million, after securing a loan refinancing deal with Aleph Finance Ltd for up to $3.25 million. The company has also arranged additional funding of approximately $2.0 million to be used for capital expenditures in Morocco and general corporate purposes, subject to conditions. In a recent General Meeting, SDX shareholders approved resolutions allowing for the conversion of the outstanding loan into company shares.
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