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Neo Secures $75 Million Loan to Finance Expansion and Relocation of its Environmental Emissions Catalyst Business

Newswire.ca - Wed Aug 17, 2022

Export Development Canada Credit Facility Funds NAMCO Project and Frees Up Capital For Other Growth Strategies

TORONTO, Aug. 17, 2022 /CNW/ - Neo Performance Materials Inc. ("Neo", the "Company") (TSX: NEO) is pleased to announce that the Company has entered into a loan agreement (the "Loan Agreement") with Export Development Canada ("EDC") for a term loan of up to US$75 million (the "Credit Facility"), to be advanced in three tranches of US$25 million, to finance the relocation, expansion, and sustainability upgrades to one of its environmental emissions catalyst manufacturing facilities.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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