Cadiz And Heerema IGS Announce Financing Agreement; Heerema To Acquire $21.2M Senior Secured Loan And Provide Additional $20M
Portfolio Pulse from Benzinga Newsdesk
Cadiz Inc. (CDZI) and Heerema IGS have entered into a financing agreement where Heerema will acquire a $21.2 million Senior Secured Loan and provide an additional $20 million to fund Cadiz's capital investments for revenue generation, operations, and growth.
February 21, 2024 | 1:41 pm
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Cadiz Inc. (CDZI) secures a significant financing agreement with Heerema IGS, acquiring a $21.2 million loan and an additional $20 million for future investments.
The financing agreement with Heerema IGS provides Cadiz Inc. with substantial capital, which is likely to positively impact its stock price in the short term. The infusion of $41.2 million in total will enable Cadiz to fund its capital investments for revenue generation, operations, and growth, indicating a strong future outlook and potentially increasing investor confidence.
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