Cimco Marine AB (publ) (“Cimco Marine”) has reached an agreement in principle with the European Investment Bank (“EIB”) that also directed share issues, at a subscription price of SEK 1.5 per share, will count towards fulfilment of the conditions precedent for Tranche B under the credit facility agreement between the parties dated 5 July 2019.
On 5 July 2019, Cimco Marine entered into a EUR 14 million credit facility agreement with the EIB. The credit facility is split into three tranches, of which Tranche A in the amount of MEUR 4 was disbursed to Cimco Marine in September 2019. Drawdown of
Source: Cimco Marine AB (publ) has an agreement in principle with the European Investment Bank that the company may drawdown Tranche B under the credit facility agreement also through directed share issues