ICFG Secures Waiver on $23.3 Million Loan Amid Covenant Breach

ICFG Limited announced a waiver from a lender regarding cross-default provisions due to covenant breaches at its subsidiary, InvesCore NBFI JSC. The waiver, covering outstanding borrowings of approximately $23.3 million as of June 30, 2026, extends until August 31, 2027. The amount has increased from $9.6 million as of December 31, 2025, representing about 13.3% of the total lender exposure affected by the breaches. The company previously disclosed these breaches in an announcement dated April 30, 2026. InvesCore maintains a strong liquidity position with cash and cash equivalents of approximately MNT 158.6 billion (around $44.3 million) and a loan portfolio of about MNT 1,151 billion (approximately $321.2 million). ICFG continues to engage with lenders regarding the facility agreements and will provide further updates as necessary. The information is classified as inside information under the Market Abuse Regulation.

Key Points: • ICFG received a lender waiver for $23.3 million due to covenant breaches. • The waiver extends until August 31, 2027, and covers future drawdowns. • InvesCore maintains a strong liquidity position despite the breaches.