VivoPower retires USD 28.8 million shareholder debt owed to AWN Holdings - VIVO News | RalliesVivoPower retires USD 28.8 million shareholder debt owed to AWN Holdings
V
VIVO• VivoPower retires shareholder debt owed to AWN Holdings
- VivoPower retired US$28.8 million of shareholder debt principal owed to AWN Holdings, removing the outstanding principal balance under the facility.
- US$16.5 million was settled via issuance of 165,000 convertible preference shares to AWN under the US$50 million PIPE 2.
- The remaining US$12.3 million was repaid in cash, cutting interest expense and strengthening the balance sheet ahead of Nordic AI buildout.
