• New $6m debt facility with initial $5m drawdown and additional $1m available
• Facility used to repay existing $4.6m loan, with balance for working capital
• Interest rates and repayment terms unchanged from previous facility

xReality Group Limited (ASX:XRG) has entered into an agreement with Causeway Asset Management to implement a new senior debt facility (New Facility) and repay the existing debt facility with the Lender in place from March 2021 (Existing Facility). The New Facility provides for an initial draw down of $5m to repay the Existing Facility in full, and an additional $1m which can be drawn down, should it be required, once the Company achieves a total Annual Recurring Revenue of $7m. The maturity date for both tranches under the New Facility is 1 April 2027. The New Facility is expected to eliminate all near-term financial obligations, provide the Company with financial certainty and flexibility, and support the continued growth of its Operator XR growth strategy. The transaction will reduce the Company's overall debt by 48% and establish a stable debt position with substantially improved gearing.