Brief: Zignsec Secures Additional Financing

ZignSec AB (publ)

11/11/2022 08:05

Nov 11 (Reuters) - ZignSec AB (publ)  ZIGN.ST :
    * HAS SECURED ADDITIONAL FINANCING OF SEK 20M TO BE USED FOR
ADDITIONAL GROWTH INVESTMENTS
    * HAS SECURED GROWTH FINANCING OF SEK 20M WITH DBT CAPITAL
AB AS
LENDER
    * FINANCING WILL ENABLE ADDITIONAL INVESTMENTS INTO NEW
PROJECTS,
EXPAND SALES TEAM TO ENABLE FURTHER GROWTH AND WORKING TOWARDS
POSITIVE OPERATIONAL CASH-FLOW IN COMING YEAR
    * ANNUAL INTEREST RATE IS SET AT 9.95% + STIBOR 3M, LOAN
TERM IS
42 MONTHS, AND FIRST 6 MONTHS ARE INTEREST-ONLY

Source text: https://mfn.se/a/zignsec/zignsec-ab-publ-has-secured-additional-financing-of-sek-20m-to-be-used-for-additional-growth-investments
Further company coverage:  ZIGN.ST 
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