Brief: Hofseth BioCare Signs Working Capital Credit Line Of NOK 37 Mln

Hofseth Biocare ASA

04/02/2020 14:28

Feb 4 (Reuters) - Hofseth Biocare ASA  HOFBC.OL :
    * REG-HOFSETH BIOCARE ASA: SIGNS NEW WORKING CAPITAL CREDIT
LINE
OF NOK 37M
    * TODAY, CO HAS SIGNED A NEW CREDIT FACILITY OF UP TO NOK 37
MILLION WITH SPAREBANK 1 NORDVEST FOR WORKING CAPITAL NEEDS
RELATED TO FUTURE SALES CONTRACTS
    * CREDIT LINE IS SECURED AGAINST HBC'S ACCOUNTS RECEIVABLES
AND
INVENTORY AT COMPETITIVE TERMS

Source text for Eikon:  ID:nGNEbwKN4s 
Further company coverage:  HOFBC.OL 

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