Renewcell's Credit Facility Extended by 75 MSEK

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Renewcell's Credit Facility Extended by 75 MSEK

Renewcell's lenders have agreed to extend the company's existing credit facility with an additional amount of up to 75 MSEK to support the company during the ramp-up of Renewcell 1 in Ortviken.

About Renewcell

Founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, Re:NewCell AB (publ) (‘Renewcell’) is a multi-award-winning sustaintech company based in Sweden. The company’s vision is to make fashion circular.

Through its patented process, Renewcell is able to recycle cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called Circulose®. Fast Company named Renewcell one of the World’s Most Innovative Companies 2021. Circulose® was also included on TIME Magazine’s list of the 100 Best Inventions 2020.

Renewcell is a publicly listed company with shares traded on Nasdaq First North Premier Growth Market with the ticker name RENEW and ISIN code SE0014960431. FNCA Sweden AB is Certified Adviser, +46(0)8-528 00 399, info@fnca.se.

Datum	2023-04-28, kl 14:25
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Renewcell's Credit Facility Extended by 75 MSEK

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Renewcell's Credit Facility Extended by 75 MSEK