Ecolomondo Finalizes Loan Amendment with EDC

Ecolomondo Corporation (TSE:ECM) has released an update.

Ecolomondo Corporation has finalized an amending agreement with Export Development Canada (EDC), adjusting the terms of their original $32.1 million loan for the Hawkesbury thermal decomposition facility. The amendment postpones interest payments due in 2024 and adds them to the loan balance, extending the final maturity to May 2029. This strategic move is poised to support the ramp-up of the Hawkesbury plant, which is anticipated to set a precedent for future efficient TDP turnkey facilities.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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