Brief: Ortivus Expands Credit Line Agreement

Ortivus AB

12/07/2024 14:01

July 12 (Reuters) - Ortivus AB  ORTIb.ST :
    * ORTIVUS EXPANDS CREDIT LINE AGREEMENT WITH ITS MAJORITY
OWNER
PONDERUS INVEST
    * NEW CREDIT LINE NOW AMOUNTS TO A TOTAL OF 25 MSEK, OF
WHICH 10
MSEK HAS ALREADY BEEN UTILIZED
    * EXPANDED CREDIT LINE NOT ONLY ALLOWS US TO HANDLE EXTENDED
DECISION PROCESSES WE CAN SEE AT CUSTOMERS BUT ALSO ENABLES US
TO ACCELERATE FINAL DELIVERIES IN ESTONIA AND JÖNKÖPING
    * IS ALSO ACTIVELY ENGAGED IN LEGAL PROCESSES TO RECOVER
LOST
REVENUES AND SIGNIFICANTLY INCREASED COSTS ASSOCIATED WITH
CRIMINAL CYBERATTACK THAT HAPPENED TO SUBCONTRACTOR

Source text for Eikon:  ID:nMFN3K5VnK 
Further company coverage:  ORTIb.ST 

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