VivoPower International PLC announced that it has refinanced its debt with its major shareholder AWN Holdings Limited (“AWN”). The loan’s current outstanding principal of USD 23.3 million, which was due to be repaid in full by March 31, 2022, shall now carry a new maturity date of June 30, 2026. An initial principal payment of USD 2.19 million shall be paid within fourteen days of document execution followed by sixty equal monthly principal installments commencing July 1, 2021. The effective interest rate on the loan will be reduced from 12% to 8.8% per annum.