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IN BRIEF: Iofina Refinances Debt With New USD18 Million Loan

Tue, 22nd Sep 2020 14:10

Iofina PLC - US-focused iodine producer - Refinances entire debt by entering into a new loan agreement with First Financial Bank. The loan provides Iofina with debt capital of up to USD18 million, with the proceeds to be used to pay off existing debt and for working capital purposes. A total amount of USD13 million was available and drawn on closing of the loan arrangement.

Current stock price: 16.00 pence

Year-to-date change: down 42%

By Tapan Panchal; tapanpanchal@alliancenews.com

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