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Magle Chemoswed Unit Gets Approval for Additional Drawdown Under Bridge Loan Facility

MT Newswires·08/24/2026 00:10:01
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12:10 AM EDT, 08/24/2026 (MT Newswires) -- Magle Chemoswed Holding (MAGLE.ST) unit Magle Chemoswed AB secured approval from lenders to draw down an additional 15 million kronor under its bridge loan facility agreement with existing bondholders. The Swedish contract development and manufacturing organization's subsidiary will use the proceeds to repay 15 million kronor under the structured repayment schedule for its credit facility secured from Danske Bank, according to an Aug. 21 filing. The additional drawdown brings the total amount drawn under the 60 million-krona facility to 40 million kronor.