US Small Business Administration Loan Agreement

RNS Number : 3053K

Haydale Graphene Industries PLC

01 September 2021

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

.

For immediate release

1 September 2021

Haydale Graphene Industries plc

('Haydale', the 'Company', or the 'Group')

$200,000 US Small Business Administration Loan Agreement

Haydale (AIM: HAYD), the global advanced materials group , has agreed a $200,000 loan (the "Loan")  from the US Small Business Administration  (the "SBA").

The Loan will be drawdown immediately.  Loan repayments, including interest and principal, will be payable in equal instalments and will commence 18 months after the initial drawdown and be paid over a period of thirty (30) years from the date of the SBA Loan.  The Loan attracts an interest rate of 3.75% per annum.  The Company has signed the standard SBA Loan agreement.

The working capital facility with United Commercial Bank, which was secured on a combination of fixed assets, inventory and accounts receivable has been closed.

For further information:

Haydale Graphene Industries plc
Keith Broadbent, CEO	Tel: [phone]
Investor Relations	www.haydale.com
Arden Partners plc (Nominated Adviser & Broker)
Ruari McGirr / Paul Shackleton/Oscair McGrath	Tel: [phone]

Notes to Editors

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies.  With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties,  Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.  For more information please visit: www.haydale.com or Twitter: @haydalegraphene

 

END

 

 

MSCFZGFRGMRGMZZ