Norway, Feb. 18 -- Vow Green Metals has secured a short-term loan of NOK 15 million with DNB ASA and extended the duration of a NOK 5 million revolving credit facility ("RCF") with Sparebank 1 Sor-Norge ASA. The loan and RCF are guaranteed by Vow Green Metals' three largest shareholders, Vow ASA, Vardar AS and R Investment Company AS. The guarantors will receive a 10 percent guarantee commission fee payable in cash. The above financing is a bridge financing to secure longer-term liquidity and a strategic alternative for long-term funding, as previously announced.
Published by HT Digital Content Services with permission from Pivotal Sources....