Anaergia Expands Revolving Credit Facility with National Bank of Canada by 50% to C$30 Million
The additional C$10 million of credit capacity remains subject to Borrowing Base availability.
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Additional revolving credit capacity of up to
The additional
“The increase in the maximum principal amount of our revolving credit facility provides Anaergia with additional financial flexibility as we execute our contracted project portfolio,” said Assaf Onn, CEO of Anaergia. “The additional capacity supports the working-capital requirements associated with delivering our projects and reinforces our focus on converting our contracted backlog into revenue through disciplined execution.”
About National Bank of Canada
With
For further information please see: https://www.nbc.ca/
About Anaergia
Anaergia is a global technology company specializing in renewable natural gas and organic‑waste‑to‑value solutions. The Company delivers integrated design, equipment, construction, and operational solutions that convert organic waste into renewable energy, fertilizer, and water. With hundreds of patents and a track record of delivering complex projects worldwide, Anaergia supports customers in reducing greenhouse‑gas emissions while improving the economics of waste and wastewater infrastructure.
For further information please see: www.anaergia.com
Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may relate to future plans, expectations, intentions, results, levels of activity, performance, goals, achievements and other future events or developments, including the Company’s financial position, business and growth strategies, budgets, operations, financial results, plans and objectives. Forward-looking information in this press release includes statements concerning the anticipated use of proceeds under the revolving credit facility, the Company’s ability to satisfy conditions applicable to advances, and the expected effect of the expanded facility on liquidity, financial flexibility and execution of the Company’s contracted project backlog. Forward-looking information is not historical fact and reflects management’s current expectations, estimates and projections concerning future events and circumstances. Actual results may differ materially from those expressed or implied by such information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261110899301/en/
For media and/or investor relations please contact: IR@Anaergia.com
Source: Anaergia Inc.