Another loan for SeaDragon from Pescado

11th May 2022 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

SeaDragon has signed a new secured loan agreement of $500,000 with its majority shareholder, Pescado Holdings.

The omega fish oils refiner said the loan is to be used for general corporate and working capital purposes. It has a repayment date of 30 September 2022 and an interest rate of 10% per annum.

In March, SeaDragon secured a loan of $500,000 from Pescado, and agreed the pushing out of the repayment date of an older $1.5m loan from Pescado from 31 May 2022 to 30 September 2022.