DnB and Denmark export credit agency EKF agreed to amend Atlantic Sapphire's borrowing capacity to finance the expansion of its facilities in Denmark and the United States.
In total, the amended terms increase Atlantic Sapphire’s borrowing capacity by up to $21.6 million (€18.7 million).
Under the new agreement, the term loan is reduced from $60 million (€51.9 million) to $50 million (€43.3 million) and the required cash reserve is also reduced from $30 million (€26 million) to $15 million (€13 million).