STOCKHOLM, SE / ACCESSWIRE / April 28, 2023 / Re:NewCell AB (publ) (FRA:6QP)(STO:RENEW)
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.
Contact
Toby Lawton, CFO
[email protected]
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, [email protected].
Attachments
Renewcell's Credit Facility Extended by 75 MSEK
SOURCE: Re:NewCell AB (publ)