Gaming Realms pays off loan with Bally's subsidiary JPJ
Gaming Realms
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12:34 24/12/24
-1.23%
-0.45p
Gaming Realms has paid £3.4m in cash towards its loan with JPJ, it announced on Monday, which included the remaining outstanding principal balance of £3m, plus related charges and interest.
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The AIM-traded firm said the loan with JPJ Group, a wholly-owned subsidiary of Bally's Corporation, totalled £3.5m in secured convertible loan notes dated 14 December 2017.
It confirmed that it had now been repaid in full.
“The company's financial position post repayment remains strong, with the company being highly cash generative and the net cash position as at 31 December expected to be approximately £3m,” the board said in its statement.
At 1333 GMT, shares in Gaming Realms were up 0.58% at 25.15p.
Reporting by Josh White for Sharecast.com.