Brief: Eden Innovations Says Executes Conditional Term Sheet
27/05/2022 09:43
May 27 (Reuters) - Eden Innovations Ltd EDE.AX :
* EXECUTES CONDITIONAL TERM SHEET TO RESTRUCTURE US SECURED
DEBT
AND INCREASE WORKING CAPITAL
* EXISTING US$3MILLION DEBT SECURED AGAINST EDEN'S THREE US
PROPERTIES
* PROPOSED NEW SECURED LOAN, BASED UPON A CONSERVATIVE LOAN
TO
VALUE RATIO OF 50%, IS FOR SUM OF US$6.075 MILLION
Source text for Eikon: ID:nASX50wxSz
Further company coverage: EDE.AX
((Reuters.Briefs@thomsonreuters.com;))
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