R.E.A. Holdings Plans to Extend Redemption Date on Dollar Notes

R.E.A. Holdings plc has announced its intention to extend the redemption date for its 7.5% dollar notes from June 2026 to December 2028. This proposal, published in their latest annual report, seeks to enhance the company's debt maturity profile. The decision requires approval from noteholders through an extraordinary resolution at a general meeting.

Holders of these dollar notes will be given an option to redeem their holdings at par on the original date or accept an extension. Those who choose the latter will receive a rollover fee calculated based on the interest rate at the time.

The largest holder of the notes, with $17.57 million, has agreed to support the proposal, provided the circular is distributed before October 2025. These details will be further elaborated in September's circular.