EQTEC

March 29 2022 - RiverFort Agrees New Financing Facility with AIM-listed Bioscience Energy Company.


EQTEC plc, an Ireland-based gasification technology solutions company, entered into a new unsecured loan facility for up to £10M with RiverFort and Yorkville Advisors. EQTEC drew down an initial tranche of £5M, to be repaid in monthly instalments following a 4-month principal and interest repayment holiday. EQTEC will use the facility to fund its CAPEX requirements for its major projects.