bullish
Amaero International Ltd - US government loan of IS$23.5m a significant milestone
SUMMARY
- RaaS Research Group has published an update on advanced materials manufacturing group Amaero International (ASX:3DA) following the company's announcement yesterday that it has secured final approval for a US$23.5m (A$37.8m) loan from the Export-Import Bank of the United States, the US federal government's export credit agency, under the Make More in America (MMIA) initiative.
- The loan will be drawn against the estimated US$28.5m in capital equipment purchases the company has announced for its Tennessee facility.
- We view this as an important milestone for Amaero as it delivers non-dilutive, US-government funded support to the company on favourable terms.
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