Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 23:23:51 2024-05-15 EDT			5-day change	1st Jan Change
79.03 ^USD	+0.61%		-0.50%	+10.22%

04:57am	Seatrium Awarded FPSO Contract by Single Buoy Moorings	MT
04:02am	Asia rides Wall St rally, dollar sags on US inflation relief	RE

Dekel Agri-Vision agrees on interest rate for loan facility

June 23, 2023 at 08:40 am

Dekel Agri-Vision - West Africa agricultural company - Secures fixed interest rate for euro-dominated loan at 7%. This related to a loan repayment of EUR3.6 million made to shareholder AgDevCo Ltd in August last year. Says loan facility's rate was once variable and would have hit 9% cap otherwise. Says principal repayments will be made pro-rata from August 2024 to August 2027.

Executive director Lincoln Moore says: "All our debt obligations are now fixed which positions us well to manage interest expense obligations whilst we commence our strategy to decrease our debt levels in 2023 and beyond from the positive cashflow being generated from the palm oil operation and also from the cashew operation as it ramps up production. We also look forward to continuing our excellent ongoing partnership with AgDevCo."

Current stock price: 3.10 pence, trading flat on Friday

12-month change: down 7.5%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
CRUDE PALM OIL	741 USD	+0.07%	-2.25%	-
DOW JONES AFRICA TITANS 50 INDEX	486.8 PTS	-0.14%	+3.04%	-
S&P AFRICA 40 INDEX	167.8 PTS	+0.51%	+3.61%	-
BRENT CRUDE OIL SPOT	83.15 USD	+0.36%	-0.74%	-
WTI	78.7 USD	+0.19%	-0.50%	-
DEKEL AGRI-VISION PLC	1.175 GBX	0.00%	-2.08%	8.28M

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