Nixu Corporation Signed a New Credit Facility of EUR 4 Million
Nixu Corporation, Press release May 13 at 11:30 AM EESTNixu Corporation announced in the Q1 2020 release that it is negotiating for new financing arrangements to secure sufficient cash reserves in these exceptional times caused by the COVID-19 pandemic. Nixu has now signed a new credit facility of EUR 4 million for the next two years. The credit facility includes standard covenant conditions on the equity ratio and EBITDA. “The increase in the credit facility is an important part of our preparedness for a possible recession caused by the pandemic. However, we do not need to use it, and