Elanor Investors Group (ASX:ENN) said that over 90% of the noteholders of its AU$40 million corporate notes have voted in favor of a special resolution, according to a Friday filing with the Australian bourse.
The resolution includes a waiver of the notes' covenant breaches and revised terms, such as a 15% annual coupon rate, payable quarterly, which will reduce to 12% following the closing of the Keyview facility, the filing said.
The maturity of AU$25 million fixed rate notes is extended to April 2026, with a potential extension to June 2026, the filing added.
Meanwhile, the maturity date for the AU$15 million floating rate notes remains unchanged at June 30, 2026, the company said.
The company also plans to request the Australian Securities Exchange to lift the suspension of its securities once its financial results are finalized.
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