Abelco Investment Group AB (publ) (“Abelco” or the “Company”) has today entered into an agreement regarding a bridge loan with an external investor for the purpose of strengthening the Company’s working capital.
The bridge loan amounts to a maximum of SEK 0.5 million. The loan carries an interest rate of 1.0 percent per month on the outstanding principal amount. An arrangement fee of SEK 50,000 will be charged. The loan has a maturity of up to nine months from the date of the first disbursement.
The background to the financing is that the Board of Directors has deemed it appropriate to strengthen the Company’s working capital to support the continued development of the core business and to create financial flexibility in connection with the ongoing strategic review.