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Cathedra Bitcoin announces partial debt repayment and bond extension.

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Post time 22-12-2023 10:44:36 | Show all posts |Read mode
Bitcoin mining company Cathedra Bitcoin announces that it has settled a portion of the outstanding principal, repaying 2,000,000 Canadian dollars. As of the date of the agreement, the total outstanding principal of the bonds, which remains unpaid, is equal to 5,733,728 Canadian dollars.

Additionally, the maturity date for the remaining principal has been extended by an additional 12 months to November 11, 2025. There have been no other changes to the bonds, and the company will continue to pay quarterly interest at an annual rate of 3.5% on the remaining principal balance until the extended maturity date, at which point the remaining principal will be fully due.
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Post time 22-12-2023 11:43:52 | Show all posts
It's worth looking into this extension.
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Post time 22-12-2023 14:52:42 | Show all posts
Extending the bonds, does it mean they are short of funds?
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Post time 22-12-2023 21:27:49 | Show all posts
It's important to fully understand the reasons behind the bond extension.
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