Rapid Nutrition PLC and ASO Mutually Agree to Terminate the Second Tranche of the Amortized Convertible Loan Facility
• End of the second tranche of the amortized convertible loan facility
• Successful progress in repaying the majority of the convertible amortization loan obligations
• Anticipates repayment of the loan in Q1-2024
Rapid Nutrition PLC (Euronext Growth: ALRPD): In a strategic move that exemplifies its forward-looking approach, Rapid Nutrition, an innovative company in the health and nutrition sector, and the Investor (“ASO”) have mutually agreed to terminate the use of the second tranche of the amortized convertible loan facility. This collaborative decision reflects the commitment to maintaining financial flexibility and adopting a prudent capital management strategy. Termination follows a comprehensive assessment and ongoing strategic evaluation.