Brief: Renewcell Enters Two Short-Term Loans

Renewcell AB

20/12/2023 07:06

Dec 20 (Reuters) - ReNewCell AB  RENEW.ST :
    * RENEWCELL ANNOUNCES NEW SHORT-TERM LIQUIDITY AS PART OF
ITS
STRATEGIC REVIEW AND SIGNS NON-BINDING TERM SHEET TO INCREASE
ORDERS
    * ENTERED TWO SHORT-TERM LOANS WITH ITS MAJOR SHAREHOLDERS,
H&M
FASHION AB AND GIRINCUBATOR AB
    * ARRANGEMENTS WILL PROVIDE CO WITH ADDITIONAL NET LIQUIDITY
OF
SEK 100 MILLION IN AGGREGATE, WHEREOF SEK 50 MILLION WILL BE
PROVIDED BY MAJOR SHAREHOLDERS
    * STRATEGIC REVIEW REMAINS ONGOING WITH AIM TO SECURE
LONG-TERM
FINANCING DURING Q1 OF 2024

Source text for Eikon:  ID:nMFN6Jsh5g 
Further company coverage:  RENEW.ST 

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