PHI secures a loan facility of in total SEK 7 million | Placera
Summary
PHI has signed an agreement with Bizcap AB regarding a loan facility of in total SEK 7 million, making it possible for PHI to draw two loan tranches of SEK 4.5 million and SEK 2.5 million respectively. PHI has decided to draw upon a first tranche of SEK 4.5 million. The loan facility has a setup fee of 5 percent and the activated loan runs with an interest rate of 1.5 percent per month, with a maturity date on the 31st of October 2024. PHI can repay the loan and interest at any time before the maturity date.The loan facility has been secured in order to provide PHI with working capital and act on the current momentum in the Company.Sedermera Corporate Finance AB has been the Companys financial advisor in connection with the loan financing.This disclosure contains information that Phase Holographic is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 17-05-2024 08:10 CET.