Ecolomondo Finalizes Loan Amendment with EDC
Company Announcements

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.

For further insights into TSE:ECM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskEcolomondo’s Revenue Surges with New Milestone
TipRanks Canadian Auto-Generated NewsdeskEcolomondo Corporation Announces Auditor Change
TipRanks Canadian Auto-Generated NewsdeskEcolomondo Enhances Efficiency in Tire Recycling
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App