Hexicon has signed an agreement to extend its existing 75 MSEK credit facility until 30 June 2025. The lenders include Wallstreet Aktiebolag, part of the Wallenius Group, and a group of private financiers.
The lenders will receive a total of 40,422,521 warrants with a strike price of 0.375 SEK per share. The warrant programme has a 12-month term and would result in a maximum dilution of 10% if fully exercised. If shares are issued during the term of the warrants, the term will be extended by 12 months, and the strike price will be adjusted to the lower of 0.375 SEK or the issued share price plus 20%.
Hexicon’s shares in Hexicon Korea have been pledged as additional collateral. The credit facility provides support during a period of planned divestments, allowing Hexicon to focus on its other strategic priorities and secure the necessary financing.
