Impact Development Amends Loan Agreement With DC Investment Fund
Impact Development Amends Loan Agreement With DC Investment Fund
Toronto, Ontario--(Newsfile Corp. - July 12, 2024) - Impact Development Group Inc. (TSXV: IMPT) ("IDG" or the "Company"), a leading Panamanian developer of affordable housing solutions, is pleased to announce that it has amended the terms of an existing loan (the "Loan") with DC Investment Fund ("DCIF") a Bahamas-based lender, and the Company's subsidiary Impact Housing Corporation ("IHC") to mature on March 31, 2026. The applicable interest rate on the Loan has been amended to accrue at the rate of 12 percent per annum.
安省多倫多——(新聞發佈, 2024年7月12日)——Impact Development Group Inc. (TSXV:IMPT)(以下簡稱“IDG”或“公司”),巴拿馬領先的公共住房開發商,很榮幸地宣佈,該公司與根植於巴哈馬的貸方DC投資基金(“ DCIF”)及其子公司Impact Housing Corporation(“IHC”)已通過對現有貸款(“貸款”)條款的修訂,將其到期日延長至2026年3月31日。貸款的適用利率已修訂爲年利率12%。
As consideration for amending the Loan, IDG has issued to DCIF, 92,025 common shares of IDG (the "Bonus Shares").
作爲修訂貸款的考慮,IDG已向DCIF發行92,025股普通股(“獎勵股份”)。
"Addressing our debt maturities and interest rates is a key component of our commitment to preserve a strong balance sheet, and increases our flexibility to operate for the long-term growth of the Company," said Swapan Kakumanu, Chief Financial Officer of IDG.
“解決我們的債務到期以及利率是我們保持強大資產負債表的重要組成部分,增加了公司長期增長的靈活性,”IDG的首席財務官Swapan Kakumanu說。
Under the terms of the amendment to the Loan, IHC will make quarterly payments of accrued interest to DCIF until March 31, 2026, when the Loan matures and the outstanding principal will become due. The outstanding principal under the Loan as of today is USD$1,461,495.
根據貸款條款的修訂,IHC將向DCIF支付截至2026年3月31日的應計利息的季度支付,到期時貸款到期本金部分將變爲應付款項。截至今日,貸款的未償本金爲1,461,495美元。
The Company and DCIF are unrelated entities. DCIF has no present, direct or indirect interest in the Company or its securities. Other than the Bonus Shares, DCIF will not receive shares or options of IDG in connection with the Loan.
公司和DCIF是不相關的實體。DCIF沒有對公司或其證券的現在、直接或間接的利益。除了獎勵股份外,DCIF將不會在與貸款相關的交易中收到IDG的股份或期權。
About Impact Development Group
Impact Development Group 介紹
Impact Development Group is a Panamanian based real estate developer that provides affordable housing solutions to Panama's growing middle-class supported by a longstanding subsidized government program. The vision of IHC Panama is effectuated by a vertically integrated model which coordinates all services necessary to develop high-quality residential and commercial buildings, including land acquisition, financing, architectural, engineering, off-site manufacturing, general contracting, property management, and administration.
Impact Development Group 是總部位於巴拿馬的房地產開發商,爲巴拿馬不斷增長的中產階級提供經濟的住房解決方案,並得到長期的政府補貼。IHC 巴拿馬的願景是通過一個縱向整合模式來協調開發高質量的住宅和商業建築所需的所有服務,包括土地購置、融資、建築、工程、離線製造、總承包、物業管理和行政管理。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
tsxv的監管服務提供商(在其政策中定義該術語)對本公告的充分性或準確性不承擔責任。
For further information, please contact:
如需更多信息,請聯繫:
Tom Wenz, Chief Executive Officer and Director
Phone: + 1 (406) 370-2603
Email: twenz@ihcpanama.com
Tom Wenz,首席執行官兼董事
電話:+1(406)370-2603
電子郵件: twenz@ihcpanama.com
Forward-Looking Information
前瞻性信息
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements.
本新聞稿中的信息和陳述包括管理層對未來事件,預期,計劃和前景的某些信息和陳述,構成前瞻性陳述。
Such statements and information reflect the current view of the Company. Risks and uncertainties exist that may cause actual results to differ materially from those indicated or implied in the forward-looking statements and information. Such factors include, among others: the limited business history of the Company; reliance on key management; risks related to the Company's growth strategy, including that previous and future acquisitions do not meet expectations or potential acquisitions cannot be completed; dependence on and availability of third party financing; the business of IDG is subject to broader economic factors; disruptions or changes in the credit or security markets; financial results of IDG's operations; unanticipated costs and expenses; and general market and industry conditions.
這些聲明和信息反映了公司的當前觀點。存在風險和不確定性,可能會導致實際結果與前瞻性聲明和信息中所示或暗示的結果有所不同。這些因素包括但不限於:公司的有限業務歷史;對關鍵管理人員的依賴;與公司的增長策略有關的風險,包括之前和之後的收購未能達到預期或潛在收購無法完成;依賴第三方融資的可用性;IDG的業務受到更廣泛的經濟因素的影響;信貸或證券市場的中斷或變化;IDG運營的財務結果;未預期的成本和支出;以及市場和行業的普遍情況。
The forward-looking statements, while considered reasonable by the Company, are inherently based upon assumptions that are subject to significant risks and uncertainties, including, but not limited to, the Company will be able to carry out its business plan as contemplated. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct.
儘管公司認爲前瞻性聲明所反映的期望是合理的,但它們不能保證任何前瞻性聲明的期望是否正確。
The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
本新聞發佈中包含的前瞻性信息代表公司的期望,截至本新聞發佈之日,因此,該信息可能會在該日期之後更改。讀者不應過分注重前瞻性信息,也不應依賴此信息作爲任何其他日期的信息。雖然公司可能選擇這樣做,但不承諾在任何特定時間更新此信息,除非依照適用法律的規定。
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