Climeon AB (publ) continues to structure its financing by extending the existing credit agreement with Svensk Exportkredit (SEK) and DNB, with a guarantee from the European Investment Fund (EIF). The extension is another action aimed at completing and commercializing the next generation HeatPower product. The original loan of EUR 7.5 million was taken in the autumn of 2020 with a term of two years.

The remaining loan amount will amount to EUR 4.5 million as of October 2022, and the extension will run for up to 12 months from the original maturity date, subject to certain conditions. The extension of the loan is also associated with conditions that Climeon believes will be met before October 2022.