Banxa Announces Secured Loan of up to US$5.0 Million
Banxa Holdings, a leading crypto payment infrastructure provider, has secured a US$5.0 million loan through a secured promissory note. The loan structure includes:
- Initial advance of US$2.0 million
- Three monthly tranches of US$1.0 million each
- 6-month maturity period
- 10% annual interest rate
The loan, obtained from an arm's length third party, will be used for working capital and general corporate purposes. The promissory note is secured by the company's assets and is not convertible into company securities. Interest payments will be made in arrears along with the principal at maturity.
Banxa Holdings, un importante fornitore di infrastrutture per pagamenti in criptovalute, ha ottenuto un prestito di 5,0 milioni di dollari USA tramite una cambiale garantita. La struttura del prestito prevede:
- Anticipo iniziale di 2,0 milioni di dollari USA
- Tre tranche mensili da 1,0 milione di dollari USA ciascuna
- Periodo di scadenza di 6 mesi
- Tasso di interesse annuo del 10%
Il prestito, ottenuto da una terza parte indipendente, sarà utilizzato per il capitale circolante e scopi aziendali generali. La cambiale è garantita dai beni della società e non è convertibile in titoli azionari. I pagamenti degli interessi saranno effettuati in arretrato insieme al capitale alla scadenza.
Banxa Holdings, un proveedor líder de infraestructura de pagos en criptomonedas, ha asegurado un préstamo de 5,0 millones de dólares estadounidenses mediante un pagaré garantizado. La estructura del préstamo incluye:
- Adelanto inicial de 2,0 millones de dólares estadounidenses
- Tres tramos mensuales de 1,0 millón de dólares estadounidenses cada uno
- Periodo de vencimiento de 6 meses
- Tasa de interés anual del 10%
El préstamo, obtenido de un tercero independiente, se destinará a capital de trabajo y propósitos corporativos generales. El pagaré está garantizado por los activos de la empresa y no es convertible en valores de la compañía. Los pagos de intereses se efectuarán al final junto con el principal al vencimiento.
Banxa Holdings는 선도적인 암호화폐 결제 인프라 제공업체로서 500만 달러 대출을 담보 약속어음으로 확보했습니다. 대출 구조는 다음과 같습니다:
- 초기 선지급금 200만 달러
- 매월 100만 달러씩 3회 분할 지급
- 6개월 만기
- 연 10% 이자율
이 대출은 독립된 제3자로부터 받았으며, 운전자본과 일반 기업 목적에 사용됩니다. 약속어음은 회사 자산으로 담보되었으며 회사 증권으로 전환되지 않습니다. 이자 지급은 만기 시 원금과 함께 후불로 이루어집니다.
Banxa Holdings, un fournisseur majeur d'infrastructures de paiement en cryptomonnaies, a obtenu un prêt de 5,0 millions de dollars US via un billet à ordre garanti. La structure du prêt comprend :
- Avance initiale de 2,0 millions de dollars US
- Trois tranches mensuelles de 1,0 million de dollars US chacune
- Durée de 6 mois
- Taux d'intérêt annuel de 10%
Le prêt, obtenu auprès d'un tiers indépendant, sera utilisé pour le fonds de roulement et les besoins généraux de l'entreprise. Le billet à ordre est garanti par les actifs de la société et n'est pas convertible en titres de la société. Les paiements d'intérêts seront effectués en arriérés avec le principal à l'échéance.
Banxa Holdings, ein führender Anbieter von Krypto-Zahlungsinfrastruktur, hat ein Darlehen in Höhe von 5,0 Millionen US-Dollar durch einen besicherten Schuldschein erhalten. Die Darlehensstruktur umfasst:
- Erstvorabzahlung von 2,0 Millionen US-Dollar
- Drei monatliche Tranchen von jeweils 1,0 Million US-Dollar
- Laufzeit von 6 Monaten
- Jährlicher Zinssatz von 10%
Das Darlehen, das von einer unabhängigen Drittpartei aufgenommen wurde, wird für Betriebskapital und allgemeine Unternehmenszwecke verwendet. Der Schuldschein ist durch Vermögenswerte des Unternehmens besichert und nicht in Unternehmensanteile wandelbar. Zinszahlungen erfolgen rückwirkend zusammen mit der Tilgung bei Fälligkeit.
- Secured US$5.0 million loan facility to strengthen working capital
- Structured disbursement with initial US$2.0 million followed by three US$1.0 million tranches
- High interest rate of 10% per annum on the loan
- Short-term maturity of only 6 months creates repayment pressure
- Company had to pledge all assets as collateral for the loan
- Need for secured debt financing may indicate cash flow challenges
Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - Banxa Holdings Inc. (TSXV: BNXA) (OTC Pink: BNXAF) (FSE: AC00) ("Banxa" or the "Company"), the leading infrastructure provider for enabling embedded crypto within payment platforms, today announced that it has completed a loan transaction pursuant to which the Company issued a secured promissory note (the "Promissory Note") in the principal amount of up to US
The Company's obligations under the Promissory Note are secured by a security interest granted by the Company over all of the assets of the Company.
ABOUT BANXA HOLDINGS INC.
Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.
For further information, please contact:
Zafer Qureshi
Executive Director and Co-Chief Executive Officer
Banxa Holdings Inc.
E-mail: investors@banxa.com
Telephone: +1-888-332-2692
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by statements including words such as: "anticipate," "intend," "plan," "budget," "believe," "project," "estimate," "expect," "scheduled," "forecast," "strategy," "future," "likely," "may," "to be," "could,", "would," "should," "will" and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and the conditional.
Statements including forward-looking information may include, without limitation, statements regarding the future prospects of the Company and other statements that are not material facts. Forward-looking information is based on assumptions that may prove to be incorrect. The Company considers such assumptions to be reasonable in the circumstances. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. By its nature, forward-looking information involves known and unknown risks, uncertainties, changes in circumstances and other factors that are difficult to predict and many of which are outside of the Company's control which may cause actual results to differ materially from any future or potential results expressed or implied by such forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250372
FAQ
How much is Banxa's (BNXAF) new secured loan worth in 2025?
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When does Banxa's (BNXAF) 2025 secured loan mature?
What collateral backs Banxa's (BNXAF) $5M secured loan?
How will Banxa (BNXAF) use the $5M loan proceeds?
Is Banxa's (BNXAF) 2025 secured loan convertible to company stock?
