Celebrity chef and author Maggie Beer has advanced a $400,000 loan to ASX-listed Longtable Group, which acquired full control of the Maggie Beer Products operations last year, to help it ride through the economic turmoil of the coronavirus pandemic.
The loan, with an interest rate of 1.7 per cent, came after the redemption of a $500,000 convertible note issued to her family company last year as part of the final step of a buyout by Longtable of the Maggie Beer Products business in a cash and shares deal.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
