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Ecofibre Extends Loan Terms to Bolster Financial Stability
10:02am on Friday 14th of February, 2025 AEDT
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Healthcare
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Ecofibre Extends Loan Terms to Bolster Financial Stability
10:02am on Friday 14th of February, 2025 AEDT
Key Points
Restructured $6.5 million loan with James & Cordelia Thiele Trust Fund
Loan term extended to January 2028 with staged principal repayments
Interest rate set at 14%, adjustable if RBA cash rate exceeds 5%
Lambert Superannuation Fund loan extended with monthly repayments
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