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Windtech International May June 2024 issue

 

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Hexicon has announced the extension of its current credit facility from the 12th of July until December 31st, 2024. The credit facility, totaling SEK 75 million, has been secured with Wallstreet Aktiebolag, a company within the Wallenius Group, and a group of private investors.
 
The existing credit facility, originally set up on July 14, 2023, will provide Hexicon with the necessary working capital to support its ongoing projects and facilitate strategic divestments. The terms of the agreement remain unchanged, including the interest rate, but with an added layer of security through the inclusion of Hexicon's project portfolio. Under the terms of the credit facility, Hexicon has the flexibility to utilise the funds until the end of 2024, with a minimum withdrawal of SEK 10 million. The loan repayment and accrued interest are due by the end of the year. Additionally, Hexicon can make early repayments, in part or in full, at any time and subsequently terminate the credit facility.
 
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