Brief: Cadiz And Heerema IGS Announce Financing Agreement

Cadiz

21/02/2024 13:32

Feb 21 (Reuters) - Cadiz Inc  CDZI.O :
    * CADIZ, INC. AND HEEREMA IGS ANNOUNCE FINANCING AGREEMENT
TO
DRIVE GROWTH
    * CADIZ INC - HEEREMA WILL ACQUIRE COMPANY'S $21.2 MILLION
SENIOR
SECURED LOAN HELD BY BRF FINANCE CO., LLC,
    * CADIZ INC -  HEEREMA WILL PROVIDE COMPANY AN ADDITIONAL
$20
MILLION TO SUPPORT CAPITAL INVESTMENTS AND GROWTH
    * CADIZ INC - MATURITY DATE OF COMBINED $41.2 MILLION SENIOR
SECURED LOAN WILL BE EXTENDED TO 6/30/2027
    * CADIZ INC - FOLLOWING TRANSACTION, COMPANY WILL HAVE NO
DEBT DUE
PRIOR TO 2027

Source text for Eikon:  ID:nPn1zFh8Xa 
Further company coverage:  CDZI.O 

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