Brief: Advanced Soltech Raises New 8-Year Financing With 5.9% Interest

Gigasun AB (publ)

20/10/2023 07:36

Oct 20 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * ADVANCED SOLTECH RAISES NEW 8-YEAR FINANCING WITH 5.9%
INTEREST
    * ADVANCED SOLTECH RAISES 18.2 MCNY (27.3 MSEK) THROUGH AN
8-YEAR
SALES-LEASEBACK AGREEMENT OF A NEWLY BUILT FACILITY OF 6 MW
    * LOAN HAS A MATURITY OF 8 YEARS WITH A FLOATING INTEREST
RATE OF
5.9%
    * LOAN-TO-VALUE RATIO INCREASES BY APPROXIMATELY 70%,
COMPARED TO
APPROXIMATELY 50% ON PREVIOUS FINANCING
    * LOAN WILL BE USED TO COMPLETE SOLAR POWER PLANTS IN CHINA

Source text for Eikon:  ID:nMFN9065ny 
Further company coverage:  ASAB.ST 

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