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Scandinavian Enviro to Make First SEK5 Million Drawdown Under Convertible Loan

MT Newswires·10/20/2026 01:27:35
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01:27 AM EDT, 10/20/2026 (MT Newswires) -- Scandinavian Enviro Systems (SES.ST) resolved to make the first drawdown of 5 million kronor under its convertible loan agreement with Nordic Restructuring and Growth Capital 1, after the latter agreed to waive certain disbursement conditions. For the first drawdown only, the lender waived the requirement for Scandinavian Enviro's reorganisation plan to be complete, according to a Monday filing. The Swedish recycling company will use the proceeds for general corporate purposes.