Hexicon has announced that the company has entered into an amendment agreement to its existing development loan facility with Nuveen Infrastructure.
The amendment introduces a new tranche, Tranche F, of up to EUR 2.67 million. Of Tranche F, EUR 0.67 million will be funded through back-leverage financing provided by certain Back Lenders, including some of Hexicon's largest shareholders, one of which is related to the Chairman of the Board. The Back Lenders will also, subject to approval by an Extraordinary General Meeting in Hexicon AB, have the right to convert their respective portion of the EUR 0.67 million financing into ordinary shares in Hexicon AB at a conversion price of SEK 0.25 per share with an additional warrant of SEK 0.25 per share at conversion date.
