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Investegate |HydroDec Group plc Announcements | HydroDec Group plc: Financing update


 
 
 
The Company has continued to work on a refinancing package in respect of the
Canton plant and assets in order to replace the existing equipment lease, which is over-collateralised, with an extended facility to provide additional funds for feedstock, approved capital expenditure and growth opportunities
.
 
Despite delays, due in part to the global pandemic, progress continues to be made. The Company has an agreement in principle with one party to provide funding of up to US$6.75 million and is in advanced stage negotiations with its existing US bank to conclude arrangements.
 
In recent months Hydrodec has been reliant on the support of its major shareholder, Andrew Black, who ....

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