RE:RE:TungstenAlmonty's relationship with the German State Bank KfW-IPEX continues to strengthen.
During September 2019, the Company restructured its existing debt with the UniCredit Bank AG such that the then-existing term and revolving loans, with a total principal amount of approximately US$13,716, was rolled into a new restated term loan with a principal amount of $19,841 (US$15,650). The restated term loan bears interest at the prevailing LIBOR rate plus 1.5% per annum, with interest payable quarterly and with principal repayable at maturity. The maturity date for the restated term loan was October 31, 2021 (extended to September 30, 2023 during fiscal 2021 and then to March 31, 2024 during the year ended December 31, 2023). Subsequent to December 31, 2023, the Company refinanced this loan with the KfW-IPEX Bank with the maturity date extended to March 31, 2027
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