Qoria's Debt Facility Extension Announcement

Qoria Limited (ASX: $QOR) has announced an extension to its debt facility provided by AshGrove Capital, enabling the company to invest and meet its business objectives. The Growth Facility, initially set at A$30.35m and extended to $37.85m in January 2024, has now been further extended by A$10m. The extension provides Qoria with the flexibility to take advantage of new AI opportunities, repay convertible notes, and manage FX volatility.

Executive Commentary

This extension of the debt facility with AshGrove Capital is a significant development for Qoria. It provides us with the financial capacity to pursue strategic investments and initiatives that will further strengthen our position as a global provider of digital safety and student wellbeing solutions. The additional flexibility will also support our efforts in managing financial obligations and exploring new growth avenues. We are pleased with the ongoing support from AshGrove Capital, which reflects their confidence in our business and growth prospects.

Summary of Qoria's Debt Facility Extension

Qoria (ASX: $QOR) has successfully extended its debt facility with AshGrove Capital, securing an additional A$10m to the existing Growth Facility. This extension offers Qoria the flexibility to pursue new AI opportunities, repay convertible notes, and navigate FX volatility. The company's ability to access increased financial capacity underscores its commitment to driving strategic growth and innovation in the digital safety and student wellbeing solutions space. The ongoing support from AshGrove Capital reflects confidence in Qoria's business trajectory and its potential for sustained expansion in the global market.