OTS & The Significance11 Jul 2025 14:46
We’re now in crunch time. The revised One-Time Settlement (OTS) has already received sanction from the lead bank — a major hurdle cleared ✅. The remaining lender approvals are due any day now, with a deadline of end-June 2025 (per the RNS). This is a potential game-changer for MPL.
💥 If the OTS is approved, it clears the path for balance sheet repair, removes the default overhang, and positions Karanja Port to fully capitalise on its ramp-up in operations and new contracts starting 2025. The company has already stress-tested its finances and locked in a £15m credit line from Hunch Ventures’ KJS Concrete, insulating it from downside risk.
In short:
📌 OTS success = lifeline + rerate trigger
📌 We’re past the lead bank — the last two consents unlock everything
📌 Deadline is behind us — update is imminent.
News could drop any moment. Stay sharp.