Horizon Minerals secures US$5m Nebari Convertible Loan Facility

Horizon Minerals Ltd (ASX: $HRZ) has secured a US$5 million Nebari Convertible Loan Facility, with key terms including secured funds, a 7% convertible coupon rate, and a 30-month loan term from the closing date. The facility allows for up to 100% of the principal funds plus any accrued and unpaid interest to be convertible into Horizon shares at the conversion price at the lender's election.

Executive Commentary on Nebari Convertible Loan Facility

The Nebari Convertible Loan Facility provides Horizon Minerals with additional financial flexibility and the ability to capitalize on potential growth opportunities. The terms of the facility, including the option for conversion into Horizon shares, demonstrate the lender's confidence in our company's future prospects and align our interests with those of our investors.

Summary of Nebari Convertible Loan Facility and Outlook

Horizon Minerals' securing of the US$5 million Nebari Convertible Loan Facility enhances its financial position and provides the company with the necessary resources to pursue its strategic objectives. The facility's terms, such as the option for conversion into company shares, reflect a positive outlook for Horizon Minerals' growth. This move aligns with the company's commitment to maximizing shareholder value and capitalizing on opportunities for sustainable long-term success.