Nordic Unmanned ASA has signed a short term loan agreement to be repaid in August 2024. This short term loan is provided by the company’s existing lenders, and guaranteed by the main shareholder.
The establishment of the short term liquidity facility comes as a consequence of delays in projects and other operational and seasonal developments announced in the stock exchange release on 4th December 2023.
The refinancing closed in October 2023 was based on a tight liquidity period in the winter and spring 2024, and this period is now bridged. The short term loan provides additional liquidity of EUR 2 million from March through late summer 2024, and will be repaid in August 2024.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Source: Market Screener