Recylex receives conditional loan offer for German subsidiaries

The conditional loan offer for the Recylex Group’s German subsidiaries made by a banking pool covers the full funding package sought and amounts to €67 million.

It is intended to face the €17 million working capital requirement  and also € 50 million in projected investment spending, including the new reduction furnace at Weser-Metall GmbH, dedicated to restore the Group’s Lead segment’s profitability by recovering the lead contained in its input materials more efficiently.

As part of this project, a specific guarantee aiming at covering a significant portion of the projected investment financing has been requested from the Lower Saxony region in Germany.

The Recylex Group’s aim is to satisfy all of the conditions, including the award of Weser-Metall GmbH’s amended operating permit covering the installation of the new reduction furnace, in order to obtain the funds during the fourth quarter of 2016.


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