SMART WIRES SIGNS AGREEMENT FOR A USD 50 MILLION SENIOR SECURED TERM LOAN
Smart Wires Technology Ltd ("Smart Wires" or the "Company") is pleased to announce that a debt financing agreement (the "Financing Agreement") has been signed between the Company's subsidiary Smart Wires Inc as the Borrower and an affiliate of Innovatus Capital Partners, LLC ("Innovatus") as Lender, granting Smart Wires access to a debt facility of up to USD 50 million (the "Term Loan"). The Term Loan may be used to fund ongoing operations and working capital expenses and for costs, fees and expenses incurred in connection with the Financing Agreement.The Term Loan includes two tranches.