Ovzon extends and amends the loan facility agreement with P Capital Partners
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Informationsteknik |
| Industri | Kommunikation |
Ovzon AB’s current loan facility agreement with P Capital Partners of 65 MUSD has been extended with additional nine months to mature September 30, 2026. The amendment is adopted to the company’s financial performance and provides more flexibility. It will enable lower interest rates if certain financial conditions are met.
“We are pleased to continue our collaboration with P Capital Partners in this extended loan agreement. Ovzon’s order intake in 2024, improved financial performance coupled with early payments from customers has strengthened our cash position entering 2025. We will continue to improve and optimize the company’s financial strength and debt structure”, says Per Norén, CEO of Ovzon.
“We are delighted to see that our long-term financial support for Ovzon has made it possible for Ovzon 3, the first Swedish privately funded and developed geostationary satellite ever, to be launched and now in commercial service. It is clear and reassuring that the company’s financial performance is now steadily improving”, says David Ullenius, CIO, at P Capital Partners.