Avantium Signs Term Sheet With NOM for Proposed €20 Million Subordinated Loan
Bitget2026/10/27 08:06- Avantium signed an October 23, 2026 term sheet with NOM for a proposed EUR 20 million subordinated loan facility.
- Closing requires government approvals, completion of the EUR 55.45 million rights offering, definitive documentation and no material adverse change.
- Four tranches would be tied to regional development milestones; the first cannot be drawn before March 1, 2027.
- Each disbursement requires available liquidity between EUR 10 million and EUR 30 million; closing is targeted before year-end 2026.
- Lenders also conditionally agreed on September 29 to amend existing debt facilities and waive certain covenant and reporting breaches, pending the equity raise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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