Symphony Environmental Technologies (AIM:SYM), the AIM-listed plastics technology specialist, has extended £1.5m of convertible loan agreements with Singapore-based lender SESR Investments from 30 June to 31 January 2027.
The loans, originally arranged in March 2023 and October 2023, remain unsecured and carry a 7% annual interest rate, with repayment at Symphony's sole discretion.
If the principal is not repaid by the new deadline, it converts to equity on 31 January 2027.
As a condition of the extension, Symphony has agreed to pay a minimum of £80,000 in accrued interest before that date.
