Brief: Nordic Iron Ore Takes New Loans Of SEK 3 Million

Nordic Iron Ore AB

27/02/2023 14:24

Feb 27 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * NORDIC IRON ORE TAKES NEW LOANS OF SEK 3 MILLION
    * HAS EXTENDED ITS LOAN FACILITIES WITH A SHORT-TERM LOAN OF
SEK 3
MILLION FROM CO'S TWO LARGEST OWNER, BENGTSSONS TIDNINGS AB,
LUDVIKA HOLDING AB.
    * FACILITY RUNS ON SAME TERMS AS EXISTING LOANS
    * INVOLVING AN ANNUAL INTEREST RATE OF 8% ON AMOUNT PAID AND
MATURITY ON JUNE 30, 2023
    * MEANS THAT CO CAN CONTINUE TO WORK ON SECURING A LONG TERM
FINANCING SOLUTION AND CO CONTINUES TO NEGOTIATE WITH CARGILL

Source text for Eikon:  ID:nMFN1yQmFM 
Further company coverage:  NIO.ST 

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