CAQ Holdings Limited (ASX:CAQ) Secures Additional Debt Facility and Restructures Existing Debt
Debt Restructure
CAQ Holdings Limited has amended the repayment terms of its existing bank debt with Bank of Hian Co Ltd. The repayment due in May 2025 has been reduced from RMB4,361,000 (AUD930,455) to RMB751,000 (AUD160,232), which has been paid by 21 May 2025. The remaining debt will be repaid as follows: RMB610,000 (AUD138,896) in November 2025, RMB2,380,000 (AUD507,793) in December 2025, and RMB620,000 (AUD132,282) in May 2026. The applicable interest rate remains at 6.5%, with no material changes to other loan terms or new covenants.
New Drawdown Loan Facility
CAQ Holdings Limited, through its subsidiary Haikou Peace Base Industry Development Co Ltd, has established a RMB6,000,000 (AUD1,600,000) drawdown facility with Hainan Baina Investment Co. Ltd. The two-year loan is secured over Warehouse B at the CAQ Industrial Complex in Chengmai County, Hainan Province, at a fixed interest rate of 6% per annum. This facility supports the company’s ongoing operational requirements.
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