Vow ASA Strengthens Financial Position with Extended Loan Terms
Vow ASA Strengthens Financial Position
Vow ASA has recently announced a significant development regarding its financial capabilities. The company has successfully extended the maturity of its loan facilities by 12 months, now set to conclude in the third quarter of 2027. Additionally, Vow has amended its covenants, granting improved headroom which enhances the company's financial flexibility.
Increased Guarantee Facility
As part of this financial restructuring, Vow has also increased its guarantee facility from NOK 80 million to NOK 100 million. This increment will provide the company with greater financial backing and security, allowing it to pursue its strategic goals with more confidence.
This is Just the Beginning
These changes signify not only the resilience of Vow ASA but also its commitment to maintaining a stable financial footing in an ever-evolving market. With these adjustments, the company is better positioned to invest in innovative solutions aimed at preventing pollution and generating clean energy.
About Vow and Its Commitment to Sustainability
Vow and its subsidiaries, including Scanship, C.H. Evensen, and Etia, are driven by a mission to combat pollution. The company excels in providing cutting-edge solutions that transform biomass and waste into valuable resources while generating clean energy for various industries.
Innovative Technologies
Utilizing advanced technologies, Vow facilitates industry decarbonization and material recovery. By converting biomass, sewage sludge, plastic waste, and end-of-life tires into clean energy, low-carbon fuels, and renewable carbon, the company supports a sustainable future. Vow’s scalable and standardized solutions are well-documented and have demonstrated reliability.
Leading the Way in Wastewater Management
Moreover, Vow holds a leadership position in the cruise market concerning wastewater purification and waste valorization. The company is dedicated to helping other industries transition towards a fossil-free future by ingeniously converting waste into valuable resources. Vow also specializes in food safety, robotics, and heat-intensive industries focused on decarbonization.
Contact Information
For further inquiries, please reach out to:
Gunnar Pedersen, CEO, Vow ASA
Tel: +47 916 30 304
Email: gunnar.pedersen@vowasa.com
Cecilie Brænd Hekneby, CFO, Vow ASA
Tel: +47 992 93 826
Email: cecilie.hekneby@vowasa.com
Frequently Asked Questions
What financial changes has Vow ASA recently implemented?
Vow ASA has extended the maturity of its loan facilities and amended covenants, increasing financial flexibility.
How much has the guarantee facility been increased?
The guarantee facility has been increased from NOK 80 million to NOK 100 million.
What is Vow's main mission?
Vow's mission focuses on preventing pollution and generating clean energy from biomass and waste.
What industries does Vow support?
Vow provides solutions for various industries, including wastewater purification, waste valorization, food safety, and more.
How can I contact Vow for more information?
You can contact Gunnar Pedersen or Cecilie Brænd Hekneby using the provided phone numbers and email addresses.
About The Author
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