Brief: Gigasun Enters Refinancing Agreement Of SEK 870 Million

Gigasun AB (publ)

19/06/2024 14:21

June 19 (Reuters) - Gigasun AB (publ)  GIGAS.ST :
    * GIGASUN AB (PUBL) ENTERS INTO A REFINANCING AGREEMENT OF
APPROX.
SEK 870 MILLION WITH AN INTEREST RATE BETWEEN 4% AND 5%.
    * NEW FINANCING INCREASES LOAN-TO-VALUE RATIO PER INSTALLED
MW BY
11%
    * CAPITAL WILL PRIMARILY BE USED TO REPAY SALE AND LEASEBACK
FACILITY WITH JIANGSU FINANCIAL LEASING CO
    * AGREED REFINANCING HAS BEGUN AND IS EXPECTED TO CONTINUE
FOR
6-12 MONTHS

Source text for Eikon:  ID:nMFN8DySW0 
Further company coverage:  GIGAS.ST 

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