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Windtech International May June 2024 issue

 

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Hexicon has entered into an agreement for a credit facility of up to SEK 75 million, which can be utilised as needed. The main financier (>50%) is Wallstreet Aktiebolag, a company within the Wallenius Group, along with a few private investors (the Credit Facility).
 
The Credit Facility will primarily be used to strengthen the Company's working capital and enable Hexicon to continue developing its project portfolio. In May 2023, Hexicon entered into a long-term financing agreement of up to EUR 45 million with Glennmont Partners to finance the company's project portfolio. Together, these two complementary financing agreements enhance Hexicon's opportunities to execute its growth strategy and divestment plan. Hexicon has the option to utilize the credit within a twelve-month period, with a minimum withdrawal of SEK 10 million. The credit facility is concluded at market terms. Repayment of the loan, along with accrued interest, is due no later than July 12, 2024. Hexicon has the option to make early repayments of the utilized credit, in whole or in part, at any time and subsequently terminate the Credit Facility.
 
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