Rektron Announces Usd$50 Million Credit Facility Between Its Subsidiary Dl Hudson Ltd. and Saudi Exim Bank15.10.2024 16:00:00 CEST | ACCESSWIREPress release

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / October 15, 2024 / Rektron Group Inc. ("Rektron" or the "Company") (CSE:REK.U)(FRA:F75) a global commodities trading house, is pleased to announce that its wholly-owned subsidiary DL Hudson Limited ("DLH") has signed a USD$50 million credit facility agreement with Saudi EXIM Bank (the "Facility"). Under the Facility, the Saudi EXIM Bank, through the International Buyer Finance Product, will provide financing to DLH to purchase Saudi products from the Kingdom of Saudi Arabia and distribute them to its customers across various global markets. The Facility is a revolving facility and bears an interest rate of SOFR + 1.45% due on the 90th day from the date of disbursement. The Facility is available for a period of twelve (12) months from the date of signing of the Facility. On Behalf of the Board of Directors, Rektron Group Inc. Ricardo Phielix Chief Executive Officer FOR FURTHER IN
  • 1
  • 2
  • 3
  • 4
  • 5
  • Siste
  • >>
HiddenA line styled icon from Orion Icon Library.Eye