Ambeon Capital PLC has announced its decision to secure a loan of up to $18 million from AMCH Ltd., a company incorporated in England and Wales.
The loan acquisition is contingent upon the lender successfully raising funds through a bond issuance to prospective investors in England and Wales. This will be facilitated through a prospectus outlining the bond’s terms and conditions.
The primary purpose of the loan is to settle existing borrowings amounting to Rs. 3.7 billion while investing any remaining funds in liquid assets for potential returns.
Key loan terms include:
- Interest Rate: Fixed at 8% per annum, payable bi-annually.
- Tenure: Three years.
- Conversion Option: Ambeon Capital has the option to convert the loan into equity through a share issuance, subject to necessary regulatory and shareholder approvals.
This strategic move aims to enhance Ambeon Capital’s financial stability while optimizing its investment portfolio for future growth.