24SevenOffice Group AB - Update on the Convertible Loan from Lugar Road Capital
24SevenOffice has received several questions regarding the convertible loan in the company after the 4th quarter presentation and would like to share an update on the convertible loan. Please note that the terms of the loan remain unchanged from when it was established, this update is for information purposes only. The convertible loan is from a strategic US investor, Lugard Road Capital and has a maturity date at 31st December 2027. The loan will carry an annual interest of 1.5 percent. From 1st January 2025 to 31st December 2025 the loan will carry an annual interest of 3.5 percent and