Navamedic ASA: Amendments to loan agreements with Observe Medical ASA
Oslo, November 15, 2024. Navamedic has two loans to Observe Medical ASA, Loan 1 from 27 September 2019, where the current balance, including principal and accrued interest, is NOK 47,775,182 (as of Oct 31st, 2024) and Loan 2 from 6 September 2023, where the current balance, including principal and accrued interest, is NOK 6,083,868 (as of Oct 31[st], 2024). Both loans currently have maturity date of 31.1.2025. Observe Medical has contacted Navamedic with a request to postpone the maturity date of the loans. Navamedic has evaluated and negotiated different alternatives for the loans