Carbon Revolution Secures Further Release of $5m Million from OIC and further $0.4 Million Reserve Release from Existing Lenders
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Carbon Revolution plc (Nasdaq: CREV) has secured an additional $5 million from Orion Infrastructure Capital and $0.4 million from existing lenders, furthering their financial resources. This funding is part of a larger $25 million facility and a $60 million loan agreement.
March 11, 2025 | 8:45 pm
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Carbon Revolution has secured an additional $5 million from OIC and $0.4 million from existing lenders, enhancing its financial resources. This funding is part of a $25 million facility and a $60 million loan agreement.
The release of additional funds from OIC and existing lenders strengthens Carbon Revolution's financial position, which is positive for the company's operations and potential growth. The issuance of penny warrants also indicates confidence from lenders.
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