XReality Group Ltd ( (AU:XRG) ) has shared an announcement.
xReality Group Limited has announced a binding term sheet with Causeway Asset Management to refinance its existing debt facilities. The new $6 million facility, with an initial $5 million drawdown and an additional $1 million for working capital, will fully repay the existing $4.6 million loan, providing financial flexibility and supporting the company’s growth strategy. This refinancing marks the end of xReality’s debt restructure phase, reducing overall debt by 48% and improving the company’s financial stability and gearing.
More about XReality Group Ltd
xReality Group Limited is a leader in enterprise software development for mission-critical simulations, catering primarily to military and law enforcement sectors. The company specializes in both physical and digital simulations, with a portfolio that includes Indoor Skydiving facilities, Virtual Reality (VR), and Augmented Reality (AR) entertainment, training, and production. Their Operator XR system offers a unique, integrated Mission Planning & Rehearsal System for military and law enforcement agencies.
YTD Price Performance: 16.67%
Average Trading Volume: 504,842
Technical Sentiment Signal: Sell
Current Market Cap: A$19.41M
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