bullish

Fluence Corp

Fluence Corporation - Debt facility in place for custom projects

43 Views30 Nov 2018 17:08
Issuer-paid
SUMMARY

Fluence has signed an agreement with an undisclosed US-based finance company for a $50m non-recourse debt facility specifically to fund the upfront build costs of custom projects. This pre-packaged source of funding accelerates its ability to secure and deliver these projects. On top of $23m net equity proceeds raised last month, it provides an additional source of financing for its expected growth.

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