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Ecofibre Extends Loan Terms to Bolster Financial Stability

10:02am on Friday 14th of February, 2025 AEDT 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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