OXE Marine has signed a new financing agreement securing a total of SEK49m to facilitate the transfer from BMW to GM powertrains. As the BMW engine is approaching end of production, OXE Marine needs to stock up on a significant number of powerheads. The GM engine will probably not be ready until around Q2 2027. This financing agreement is crucial, and we find the terms reassuring. It includes a bank credit facility and a shareholder loan. Hence, no new equity (no dilution for shareholders).
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