Altus Strategies plc said that the maturity date of the strategic loan facility from La Mancha Fund SCSP has been extended by six months to 31 December 2022.
FLEXIBILITY
The company added that all other terms of the facility remain unchanged.
La Mancha is Altus’ largest shareholder, owning 35.08% of the issued share capital.
“The extension of the La Mancha Facility to 31 December 2022 provides us with enhanced flexibility to manage our balance sheet while we actively review additional transactions in line with our strategy,” said Altus chief executive Steven Poulton
Altus entered into the facility on 17 August 2021 and drew down US$29 million.