Endomines AB raises SEK 30 million short-term loan facility and signs an engagement letter with Seaport Global for raising a long-term financing
Endomines AB, Stock Exchange Release 29 April 2020 at 08:45 CEST A loan facility amounting to SEK 30m have been placed with Danish and Swedish institutional investors. The proceeds from the Loan will mainly be used to finance and facilitate ongoing transactions and financing projects in the company, strengthen working capital needs and financing general corporate purposes of the Endomines group. The Loan has a six-month tenor and a fixed monthly interest rate of 1.0 percent with an upfront fee of 8.0 percent. The Loan is callable anytime at 100 percent of the nominal amount on the