11th May 2022 By Staff Reporter | firstname.lastname@example.org | @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.
7 Mar 2022 SeaDragon secures new $500k loan agreement
17 Aug 2021 SeaDragon ditches CEO role, Nevin moves to COO
21 Jun 2021 SeaDragon secures $500k loan note