Smoltek takes out a loan of SEK 11 million
Bildkälla: Stockfoto

Smoltek takes out a loan of SEK 11 million

The nanotechnology company Smoltek has entered into an agreement for a loan of SEK 11 million. The loan is provided by five lenders, including Chairman of the Board Oskar Säfström, through the company Helm Properties, and Board member David Gramnaes, through the company Gramtec Invest, both of which are major shareholders in Smoltek. This is stated in a press release.

The loan, which under certain conditions can be converted into shares in Smoltek, has been taken out in order to strengthen the company’s working capital and liquidity. At the same time, Smoltek is evaluating various alternatives to strengthen the company’s long-term financing.

The total loan of SEK 11 million has an arrangement fee of five percent of the total loan amount and a monthly interest rate of 1.5 percent, which is capitalized. The loan matures on 31 December 2026, but the company has the right to repay the loan together with accrued interest early.
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