Enersize Oyj (”Enersize” or the ”Company”) has today entered into an agreement regarding a credit facility of in total SEJ 8,4 million with a smaller group of investors. The credit facility provides an opportunity for the board of directors to actively evaluate different alternatives for the Company’s long-term financing and also enables expansion of the new SaaS-business model.
The credit facility, amounting to SEK 8.4 million in tranches of SEK 4.4 and 4 million, has been provided by three lenders in union: Modelio Equity AB, Gerhard Dal, and Per Nilsson (the “Lenders”). The Company will initially draw the first tranche for SEK 4.4 million. The interest rate has been set in accordance with market conditions and applies to the outstanding debt, which can be extended until December 31, 2021. The Company may repay the credit in advance, in part or in full, along with any incurred interest. In addition, the Lenders have the right to participate in upcoming potential share issues in the Company. As previously communicated, published on March 15, 2021, the board of directors is currently working on performing one or more directed share issues, and discussions with investors are ongoing.
”Now is an exciting time for Enersize, as we are beginning to roll out our new SaaS-business model for real. We already have orders and are receiving a lot of interest in the market. The credit enables further expansion of the new business model, which is based on recurring revenue from the subscription of Compressed Air Services.”, says the CEO of Enersize, Anders Sjögren.