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Norwood Systems Limited (ASX:NOR)

ALERT: Price-sensitive ASX Announcement for NOR
Current share price for NOR : $0.009 -0.009 (-50%)+
Announcement
Release
3 Sep 2025 10:59AM
Price at Release
$0.018
Full Release
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Summary
Norwood Systems Limited announced the refinancing of its remaining loan balance with Balmain Resources Pty Ltd through a new short-term, unsecured loan facility of A$345,000. The facility, which bears fixed interest of A$34,500, is repayable in two installments: A$79,500 due by 17 October 2025 and A$300,000 due by 28 November 2025. The refinancing allows Norwood to eliminate exposure to default interest under the previous Balmain facility and aligns repayment with expected operating cash receipts. The facility carries a default management charge of A$2,000 per 7-day period on overdue amounts, is unsecured, and didn't involve issuing any equity securities.
Key Points
  • Refinancing of A$345,000 from Balmain Resources Pty Ltd.
  • Loan facility carries a fixed interest of A$34,500.
  • Repayable in two installments: A$79,500 due 17 October 2025 and A$300,000 due 28 November 2025.
  • Eliminates exposure to default interest under previous Balmain facility.
  • Default management charge of A$2,000 per week on overdue amounts.
  • Facility is unsecured with no equity securities issued.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.