Hexicon secures financing from Glennmont Partners

Hexicon intends to use the proceeds to fund the development of its project pipeline and to carry out early repayment of Hexicon’s outstanding convertible loans.

Official Press Release Hexicon:

Hexicon and Glennmont Partners enter long-term development financing agreement of up to EUR 45 million – to accelerate project pipeline and make early repayment of convertible loans

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Hexicon AB, through its subsidiary Hexicon Holding AB (“Hexicon”) has entered into a development financing agreement of up to EUR 45 million with Glennmont Partners (“Glennmont”), one of Europe’s largest fund managers focusing exclusively on investments in clean energy infrastructure, as lender (the “Agreement”).

Hexicon intends to use the proceeds to fund the development of its project pipeline and to carry out early repayment of Hexicon’s outstanding convertible loans (the “Convertible Loans”). The facility will enable Hexicon to optimize value creation of its project pipeline and provide long-term financial flexibility. The Agreement is a solution which provides for the specific needs of Hexicon as a growing developer, while providing Glennmont’s... ... More: Official Press Release Hexicon