We have an investor base that was very — hasn’t changed that much since we did the IPO, the de-SPACing. So therefore, I think we do need to take the story and convince more shareholders and that, sorry, more potential investors, and that will instead or in its turn, it will be able to enhance the trading and the liquidity of the company. So we are optimistic that we’ll get there. It’s just it’s taking us longer than we that we anticipated. And probably the last thing as we recover results and we fulfill our promise to the market, I think that will also help in a virtuous circle to try to also to get more liquidity and more investors.
Unidentified Analyst: Thank you.
Operator: The next question comes from Kemp Doliver with Brookline Capital Markets. Please go ahead.
Kemp Doliver: Thank you. You recently signed a new debt agreement. Could you highlight the significant changes in the agreement over your prior agreements?
Patricio Vargas: Yes, Kemp. We were running close to ending the syndicated facility we had before was roughly $40 million, four-zero. We only have about a year left, a bit, a year and a few more months left with amortizations and we work, as you know, constrained in cash. So we renegotiated that syndicated loan into a club deal for roughly $60 million. The amount we are negotiating in Colombian pesos, but roughly $60 million. So we also tied other debts — higher cost debt and put it all together into this club deal. So — but I would say the most important benefit for us is that we were able to extend it. The new maturity was pushed forward to six years with amortizations after a grace period, but it gave us, first, put some order into our debt, extend the terms, and I think the strategy is, at this moment is, we need to make sure we get back to our numbers, get back to our profitability, we reduce our net leverage, and then with improved numbers, then we can start to think about the next phase of our financing.
Right now, it was something that we needed to do in order to continue with our plans.
Kemp Doliver: Okay. And just to be clear, so the short-term debt, shown on the balance sheet at the end of June is going to decrease?
Patricio Vargas: Yes.
Kemp Doliver: Because you’ll — okay.
Patricio Vargas: Yes. Correct. There’ll still be short term debt, but the long-term debt will increase. Correct.
Kemp Doliver: And in the short — what’s a good estimate for the short-term debt near term?
Patricio Vargas: Near term, probably, I would say, a $100 million of short-term debt with roughly $180 million of long-term debt, rough.
Kemp Doliver: Okay. Thank you.
Operator: This concludes our question-and-answer session and concludes our conference call today. Thank you for attending today’s presentation. You may now disconnect.
