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BRIEF-Wilex secures further financing with shareholder loan
October 11, 2016 / 8:41 AM / a year ago

BRIEF-Wilex secures further financing with shareholder loan

Oct 11 (Reuters) - Wilex AG :

* Secures further financing with shareholder loan based on an existing financing commitment

* Signed a subordinated loan agreement for a total amount of up to 3.7 million euros ($4.14 million) with main shareholder dievini Hopp BioTech holding GmbH & Co. KG, Walldorf, Germany

* Amount of loan corresponds to remaining amount of financing commitment from November 2015 of up to 10 million euros that will secure company’s cash reach into Q2 of 2017

* Loan does not have an expiration date, is unsecured and has an interest rate of 6 percent per annum Source text for Eikon: Further company coverage: ($1 = 0.8928 euros) (Gdynia Newsroom)

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