Synathaverse repaid last debt payment ahead of schedule
15:23
Synthaverse has repaid the final installment of its 2016 creditor arrangement ahead of schedule. Now, the company plans to focus on development and expansion domestically and internationally, utilizing funds previously allocated for debt servicing to strengthen operations.
In 2016, Synthaverse (formerly Biomed Lublin) entered into a restructuring agreement with creditors for PLN 97.1 million. Despite investing over PLN 180 million in two strategic projects, the company repaid the debt within eight years, showcasing strong business fundamentals. With debt repaid, Synthaverse aims to enhance financial stability and pursue new financing. The company recently started operations at its new R&D center and Onko BCG plant, aiming for full operational capacity by 2026.
