The Calmer Co International Limited (ASX:CCO) Secures $2.6m FJD Loan for Navua Facility Acquisition
Loan Details
The Calmer Co International Limited has secured a 2.6m FJD ($1.8m AUD) loan from Fiji Development Bank with a 5% interest rate and a 20-year term. The loan has a 60% loan value ratio and requires 240 equal monthly repayments of FJD18,200 starting one month after settlement.
Facility Acquisition
The loan will fund the acquisition of a 5856m² freehold land parcel in Navua, which includes a residential dwelling for staff quarters and a 1930m² kava processing facility. The facility features office space, a QA laboratory, two cool rooms, a blast freezer, and mezzanine storage levels.
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