Journeo gets loan notes extended to March 2023

Transport technology services and information systems company Journeo announced on Thursday that it has agreed to extend the maturity date of its loan note to 31 March 2023.

The AIM-traded firm said it currently has £0.55m of loan notes, with £0.3m issued and announced on 8 December 2016 as ‘Loan Notes One’.

A further £0.25m was issued and announced on 24 December 2018, as ‘Loan Notes Two’.

“Loan Notes One had an initial maturity date of 31 December 2019 before it was extended to 31 March 2021 and then 31 March 2022, as announced on 24 December 2018 and 14 December 2020, respectively,” the Journeo board said in its statement.

“Loan Notes Two had an initial maturity date of 31 March 2022.

“The company today announces that it has agreed to extend the maturity date of both Loan Notes One and Two, such that they will now be repayable on 31 March 2023.”

Journeo said all other terms of the notes remained unchanged.