Lion One Metals extends Nebari loan tranche 1 repayment to Dec. 31, 2026 under forbearance deal

Reuters2026/07/23 13:05

By:Reuters

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Lion One Metals entered a forbearance agreement with senior secured lender Nebari, extending Tranche 1 final repayment to Dec. 31, 2026.
Agreed restructuring fee of USD 2 million, reduced to USD 1 million if the facility is fully repaid by Sept. 30, 2026.
Defaults tied to non-financial covenants and a USD 7 million working-capital covenant were cured; interest reset from default to original terms.
Tranche 1 principal outstanding about USD 25.8 million; total facility principal outstanding about USD 31.2 million.
Launched a refinancing strategy targeting repayment of the facility by end-2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lion One Metals Limited published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lion One Metals extends Nebari loan tranche 1 repayment to Dec. 31, 2026 under forbearance deal

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