JZ Capital Partners Limited announces that it has agreed with its existing senior lenders to borrow a further amount of $16.0 million under its senior secured debt facility. The increase in loan amount will constitute 'first out loans' under the senior facility, being senior priority loans entitled to repayment in full prior to any principal payments being made on the 'last out loans' under the facility, each as further described in the Company's announcement made on 17 May 2021. The new 'first out loans' will be subject to the same terms as the previous 'first out loans' (having been earlier repaid in full in June 2021) including with respect to interest rate (being Libor + 9.75%, with a 1% floor) and use of proceeds (with 90% of net cash proceeds derived from realisations still required to be applied towards their repayment). The terms of the 'last out loans' also remain unchanged and the Company's $31.5 million of loan notes earlier issued will remain fully subordinated to all loans outstanding under the senior facility. Whilst the Company's intention remains as being to realise the maximum value of its investments and, after repaying its debt obligations, to return capital to shareholders, the Company acknowledges that this is likely to be contingent on its ability to implement an alternative debt restructuring plan over an appropriate timeframe and, as a result, considers it prudent given the potential relative illiquidity of its investments to maintain sufficient cash liquidity to support its existing portfolio investments and obligations as they fall due, including the senior facility which remains as maturing on 12 June 2022, the subordinated loan notes which mature on 11 September 2022 and the redemption of its zero dividend preference shares which fall due on 1 October 2022. The Company remains committed to the delivery of its investment policy (including to make no further investments outside of its existing obligations or to the extent which an investment may be made to support an existing portfolio company) and confirms that the increase in loan amount will be used in a manner consistent with that policy. For completeness, following the increase in loan amount, the total amount outstanding under the senior facility will be $51,953,440.05, of which $16,000,000 will be 'first out loans' and $35,953,440.05 will be 'last out loans'.