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US$10 million Unsecured Loan Facility

17 Jun 2026 07:00

RNS Number : 5565I
GSTechnologies Ltd
17 June 2026
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.

 

17 June 2026

 

GSTechnologies Limited

 

("GST", "GSTechnologies" or the "Company")

 

US$10 million Unsecured Loan Facility

GSTechnologies Limited (LSE: GST), the fintech company, is pleased to announce that it has entered into a US$10 million unsecured term loan facility agreement with Clarivan Group Kommanditbolag, a company incorporated in Sweden (the "Lender") (the "Facility").

The Company intends to utilise the Facility to provide additional working capital and financial flexibility as it progresses its strategic growth initiatives, including for potential strategic acquisitions.

Tone Goh, Chairman of GSTechnologies, commented:

"The Facility provides GST with access to significant additional capital on attractive terms, enhancing our financial flexibility as we continue to execute our growth strategy. In particular, the Facility strengthens our ability to pursue strategic acquisition opportunities while supporting the ongoing development of our existing businesses and initiatives."

Key Terms of the Facility

· Unsecured term loan facility of up to US$10 million.

· The Facility is available in two tranches: US$5 million from 1 July to 31 July 2026; and US$5 million from 1 August to 30 August 2026.

· Interest accrues on amounts drawn under the Facility at a rate of 5 per cent. per annum and is payable monthly in arrears.

· The proceeds of the Facility may be used for general working capital purposes and potential corporate opportunities, including strategic acquisitions.

· The Facility has a maturity date of 31 July 2030.

· The Facility is repayable in full on 31 July 2030 unless prepaid, redeemed or converted in accordance with its terms.

· Subject to the terms of the Facility agreement, the Lender may elect to receive repayment of the outstanding principal amount of the Facility together with accrued interest through the issue of a new class of non-voting preference shares to be created by the Company, with such shares carrying preferential dividend and liquidation rights.

· Any conversion into preference shares would be based on the average ten-day volume weighted average price of the Company's ordinary shares immediately preceding the date of the conversion notice and would remain subject to applicable legal and regulatory requirements and any necessary shareholder approvals.

· The Company may elect to prepay all or part of the Facility together with accrued interest in cash, ordinary shares and/or preference shares in the Company, subject to the terms of the Facility agreement.

· The Company may elect to redeem the Facility in full prior to maturity, subject to payment of a redemption fee equal to 1 per cent. of the outstanding principal amount redeemed.

· The Facility agreement contains customary representations, warranties, undertakings and events of default for an agreement of this nature, including restrictions on the incurrence of additional indebtedness.

Enquiries:

 

The Company

Tone Goh, Executive Chairman

+65 6444 2988

 

Financial Adviser

First Sentinel Corporate Finance

+44 (0)20 3855 5551

Brian Stockbridge / Gabrielle Cordeiro

 

Broker

CMC Markets

+44 (0)20 3003 8632

Douglas Crippen

 

Financial PR & Investor Relations

IFC Advisory Limited

Tim Metcalfe / Graham Herring / Florence Staton

+44 20 (0) 3934 6632

 

For more information please see: https://gstechnologies.co.uk/

 

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