Brief: Otovo Secures Debt Facility Expansion To EUR 100M Mln

Otovo ASA

24/08/2023 06:39

Aug 24 (Reuters) - Otovo ASA  OTOVO.OL :
    * OTOVO SECURES INCREASED LEVERAGE AND DEBT FACILITY
EXPANSION TO
EUR 100M
    * EDEA MIDCO RECEIVED CREDIT APPROVAL FROM DNB BANK,
SPAREBANK1
SR-BANK AND EXPORT FINANCE NORWAY FOR EXTENSION OF CREDIT
FACILITY
    * EXTENSION OF CREDIT FACILITY FROM EUR 50M TO EUR 100M.
    * FACILITY WILL ALLOW OTOVO'S SUBSCRIPTION PORTFOLIO TO GROW
TO
12.500 HOMES POWERED BY SOLAR ENERGY.

Source text for Eikon:  ID:nObiM7jZxa 
Further company coverage:  OTOVO.OL 

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