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Ortelius International Obtains SEK5 Million Credit Facility from JEQ Capital

MT Newswires·12/08/2025 01:09:18
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01:09 AM EST, 12/08/2025 (MT Newswires) -- Ortelius International (ORTIN.ST) secured a credit facility worth 5 million kronor from JEQ Capital, according to a Sunday release. The facility may be drawn in one or several tranches, provided that the drawdown does not exceed 5% of the company's market capitalization. The applicable monthly interest is 2% on drawn amounts, and repayment is scheduled for Dec. 31, 2026. The lender has the right to request the conversion of the loan into shares. The Swedish technology company said the loan provides it with additional working capital for the continuous development and expansion of its operations.