Bifogade filer
Hexicon extends credit facility
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
Hexicon AB (publ) has signed an agreement to extend its existing credit facility ("the Credit Facility"), amounting to 75 MSEK, until June 30, 2025. The lenders include Wallstreet Aktiebolag, part of the Wallenius Group, and a group of private financiers.
Hexicon has successfully secured an extension of the Credit Facility for six months with the following additional terms:
The lender collective will receive a total of 40,422,521 warrants with a strike price of 0.375 SEK per share. The warrants program has a 12-month term and would result in a maximum dilution of 10% if fully exercised.
In the case of an eventual issuance of shares during the term of the warrants, it 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 Ltd. have been pledged as additional collateral.
The Credit Facility provides support during a period of planned divestments. The extension enables Hexicon to proceed with divestments and focus on its other strategic priorities to secure the necessary financing.