Haydale Graphene Industries PLC US Small Business Administration Loan Agreement (3053K)
01 September 2021 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 3053K
Haydale Graphene Industries PLC
01 September 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
.
For immediate release 1 September 2021
Haydale Graphene Industries plc
('Haydale', the 'Company', or the 'Group')
$200,000 US Small Business Administration Loan Agreement
Haydale (AIM: HAYD), the global advanced materials group , has
agreed a $200,000 loan (the "Loan") from the US Small Business
Administration (the "SBA").
The Loan will be drawdown immediately. Loan repayments,
including interest and principal, will be payable in equal
instalments and will commence 18 months after the initial drawdown
and be paid over a period of thirty (30) years from the date of the
SBA Loan. The Loan attracts an interest rate of 3.75% per annum.
The Company has signed the standard SBA Loan agreement.
The working capital facility with United Commercial Bank, which
was secured on a combination of fixed assets, inventory and
accounts receivable has been closed.
For further information:
Haydale Graphene Industries plc
Keith Broadbent, CEO Tel: +44 (0) 1269 842 946
Investor Relations www.haydale.com
Arden Partners plc (Nominated Adviser
& Broker)
Ruari McGirr / Paul Shackleton/Oscair Tel: +44 (0) 20 7614 5900
McGrath
Notes to Editors
Haydale is a global technologies group and service provider that
facilitates the integration of graphene and other nanomaterials
into the next generation of industrial materials and commercial
technologies. With expertise in graphene, other nanomaterials and
Silicon Carbide, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, Haydale has been
granted patents for its technologies in Europe, USA, Australia,
Japan and China and operates from five sites in the UK, USA and the
Far East. For more information please visit: www.haydale.com or
Twitter: @haydalegraphene
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