• Reduces near-term repayment obligations, providing greater flexibility to support growth initiatives
• Restructured loan terms demonstrate lender's confidence in Spacetalk's turnaround
• Enhances financial flexibility and frees up more capital for growth

Spacetalk Ltd (ASX: SPA) has announced the successful refinancing of its $5 million loan facility, which enhances the company's financial flexibility and ensures more growth capital is available over the term of the loan. Under the revised terms, the amount classified as a current liability payable within the next 12 months has been reduced from $1,750,000 to $1,000,000, effectively freeing up $750,000 that would have otherwise been due. This adjustment reduces near-term repayment obligations, providing greater flexibility to support growth initiatives. The key terms of the refinanced loan facility include a total loan balance of $5,000,000, with a repayment schedule of $100,000 per month from March 2025 to February 2026, and $125,000 per month from March 2026 to March 2027. The interest rate remains at 9.5% per annum. The refinancing also includes the cancellation of an existing warrant for 9,000,000 shares and the issuance of a new warrant for 9,000,000 shares, subject to shareholder approval. The restructured facility aligns with Spacetalk's long-term financial sustainability goals and enhances the company's ability to navigate market conditions and execute its strategic plans.

The refinancing demonstrates the lender's confidence in Spacetalk's turnaround and provides the company with the flexibility to execute on its growth plan, unlocking value for all stakeholders.