Noble Helium Strengthens Balance Sheet Through Loan Restructuring and Convertible Note Issue
Noble Helium Limited (ASX: NHE) has restructured its existing VAT shortfall loan and raised additional funding to improve liquidity and extend debt maturities. The original loan, established in November 2023 to bridge delayed VAT refunds from Tanzanian authorities, has been partially repaid and its remaining balance extended to 30 June 2027. One lender has been fully repaid, while others have received a 25% principal repayment and agreed to roll over facilities, reducing the outstanding face value to approximately AU$2.8 million.
To support this restructuring, the company raised AU$2.15 million via a secured convertible loan note issued to professional and sophisticated investors. The notes carry 12% capitalised interest, mature in six months, and are expected to convert at the price of the next broadly based equity offering, subject to shareholder approval. Management views the transaction as removing a key refinancing hurdle and enabling progress on the Rukwa drilling program.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Noble Helium Strengthens Balance Sheet Through Loan Restructuring and Convertible Note Issue
Noble Helium Limited (ASX: NHE) has restructured its existing VAT shortfall loan and raised additional funding to improve liquidity and extend debt maturities. The original loan, established in November 2023 to bridge delayed VAT refunds from Tanzanian authorities, has been partially repaid and its remaining balance extended to 30 June 2027. One lender has been fully repaid, while others have received a 25% principal repayment and agreed to roll over facilities, reducing the outstanding face value to approximately AU$2.8 million.
To support this restructuring, the company raised AU$2.15 million via a secured convertible loan note issued to professional and sophisticated investors. The notes carry 12% capitalised interest, mature in six months, and are expected to convert at the price of the next broadly based equity offering, subject to shareholder approval. Management views the transaction as removing a key refinancing hurdle and enabling progress on the Rukwa drilling program.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au