R.E.A. Holdings Extends Redemption Date for Dollar Notes

R.E.A. Holdings plc has announced the extension of the redemption date for its 7.5% dollar notes from 30 June 2026 to 31 December 2028. The company had initially received approval from noteholders for this extension in September 2025. The market for these notes is limited, and not all holders were willing to keep their investments tied up past the original 2026 date.

As such, R.E.A. Services Limited offered a sale facility to qualifying noteholders wishing to redeem their notes on the original date. By the deadline of 29 May 2026, valid elections totaling $7,264,218 in nominal value were received.

An additional announcement will follow at the end of June detailing the purchase of these notes by R.E.A. Services or a third party. Additionally, a roll-over fee will be calculated based on the 180-day Average Secured Overnight Financing Rate, to be paid to those not opting for the sale facility.