viewPeninsula Energy Ltd

Peninsula Energy executes agreements for debt restructure

The amending deeds have been executed with remaining formal documentation hoping to be executed before calendar year-end.

Peninsula Energy Ltd - Peninsula Energy executes agreements for debt restructure
The debt restructure provides the company with a more sustainable debt profile

Peninsula Energy Ltd (ASX:PEN) has executed binding amended agreements with its lenders to restructure the existing US$17 million convertible note facilities.

The restructure will result in a significant reduction in the outstanding principal owed through partial monetisation of a uranium concentrate sale and purchase agreement.

Additionally, the repayment date will be extended out to 22 April 2021.

Formal documentation advanced

In the unlikely event that the partial monetisation transaction does not complete by 30 April 2020, all outstanding loan amounts will become due and payable by 31 October 2020.

The partial monetisation transaction documentation is in advanced form and it along with other formal documentation hopes to be completed before the end of this calendar year.

Proactive caught up with Peninsula earlier this month for a review of the September quarter 2019.

Quick facts: Peninsula Energy Ltd

Price: 0.11 AUD

Market: ASX
Market Cap: $34.66 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Peninsula Energy Ltd named herein, including the promotion by the Company of Peninsula Energy Ltd in any Content on the Site, the Company...



Full interview: Peninsula Energy keeping workers safe while also keeping...

Peninsula Energy (ASX: PEN) CEO Wayne Heili joined Steve Darling from Proactive Vancouver to discuss how the company is dealing with the COVID-19 global pandemic. Heili talks about some of the protocols they have put in place to protect both internal and external staff. Heili also told...

19 hours, 51 minutes ago

2 min read