Loop Industries objavlja memorandum o soglasju za 66 milijonov ameriških dolarjev nerazvodnjevalnega financiranja s strani Reed Managementa kot del skupnega podjetja za uvedbo tehnologije European Infinite Loop(TM)

Loop Industries objavlja memorandum o soglasju za 66 milijonov ameriških dolarjev nerazvodnjevalnega financiranja s strani Reed Managementa kot del skupnega podjetja za uvedbo tehnologije European Infinite Loop(TM)

Časovni žig: 18. januar 2024 7:00
Izvorno vozlišče: 3069838

MONTREAL, QUEBEC, 19. januar 2024 – (ACN Newswire) – Loop Industries, Inc. (Nasdaq:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, announced today that the Company signed a non-binding Memorandum of Understanding (“MOU”) with Reed, a European investment firm focused on high impact and technology-enabled infrastructure.

Loop and Reed intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture (the “JV”) to commercialize Loop’s technology in Europe. Reed intends to provide financing of €60 million (US$66 million) in non-dilutive capital. Of this amount, US$33 million is to be provided to Loop as non-dilutive capital to fund Loop’s technology commercialization globally. The remaining US$33 million is to be invested in the JV.

Nezavezujoč memorandum o soglasju je predmet običajnega skrbnega pregleda in izpolnjevanja določenih pogojev pred zaključkom. Transakcija bo predvidoma zaključena do konca marca 2024.

V skladu s pogoji MOU bo Reed zagotovil kapital, kot sledi:

  • US$11 million equity investment in the JV to acquire from Loop exclusive rights to co-invest alongside Loop in commercialization projects using Loop’s technology in Europe through the planned joint venture between Loop and Reed;
  • US$22 million loan from the JV to Loop in two equal tranches – first tranche paid at closing and second tranche paid in the following 12 months with both tranches having a 10% PIK rate and 3-year term;
  • US$33 million commitment to cover initial costs to develop projects in Europe, including Loop’s equity contribution to the previously announced JV to construct an Infinite LoopTM plant in Saint-Avold, France;
  • Vse nadaljnje kapitalske injekcije v JV bodo financirane v razmerju 50/50 med Reedom in Loopom.

The planned 50/50 JV will be formed to invest in projects across Europe to commercialize Loop’s technology. This partnership reflects the strong commitment on the part of both Reed and Loop to capitalize on the potential of the rapidly developing European market, with high demand being driven by the introduction of more stringent European plastic recycling regulations and commitments by global brands to achieve their sustainability targets.

The planned partnership with Reed leverages the in-depth industry experience of Reed’s leadership in the development and financing of infrastructure projects throughout Europe as well as their established financing relationships with major institutions. Reed’s experienced investment team is augmented by world-class industry leaders and operating partners with significant expertise in the infrastructure, climate change and investment industries, with a strong network of alliances of large cap companies in the energy, water and waste sectors.

To načrtovano partnerstvo omogoča družbi Loop Industries, da zmanjša potrebe po financiranju svojih lastniških vložkov, da bi podprla uvedbo povečanega števila objektov, ki bodo zgrajeni na evropskem trgu z uporabo tehnologije Infinite LoopTM. Loop Industries bo prejel licenčnine in honorarje za inženiring neposredno od načrtovanih obratov v Evropi.

Daniel Solomita, Founder and CEO of Loop Industries, commented “We are delighted to form a partnership with Reed, which has been a long-standing supporter of Loop’s groundbreaking technology. We believe that this partnership, which combines Reed’s extensive financing relationships and experience in the development of major capital projects with Loop’s innovative technology, will be invaluable in the next stage of Loop’s strategic development, and maximize our opportunity to penetrate the European market as brands adapt to increasingly stringent regulatory requirements for plastic recycling.”

“This model will also allow Loop to maximize shareholder value as Reed will co-invest in the equity for each Infinite LoopTM project in Europe, while Loop receives annual royalty fees and one-time engineering fees from each facility. In addition, the structure of the current planned financing will be accretive to shareholder value by minimizing initial equity dilution,” added Mr. Solomita.

O podjetju Reed Management SAS

Reed Management, ustanovljen leta 2023, je evropsko investicijsko podjetje, osredotočeno na visoko vplivno in tehnološko podprto infrastrukturo. Reed Management, ki ga vodi Julien Touati, izkorišča večdesetletne izkušnje svoje ekipe in partnerjev za podporo širjenja kapitalsko in tehnološko intenzivnih rešitev, ki omogočajo premik bistvene infrastrukture in zagotavljanje dolgoročnih, stabilnih donosov z močnim učinkom.

O Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality LoopTM branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. LoopTM PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Navadne delnice družbe kotirajo na svetovnem trgu NASDAQ pod oznako »LOOP«.

Za več informacij obiščite www.loopindustries.com. Sledite Loop na Twitterju: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries in LinkedIn: Loop Industries

Napovedne izjave

To sporočilo za javnost vsebuje "izjave o prihodnosti", kot je opredeljeno v ZDA Zakon o reformi zasebnih vrednostnih papirjev iz leta 1995. Pred takšnimi izjavami so lahko besede »namerava«, »lahko«, »bo«, »načrtuje«, »pričakuje«, »predvideva«, »bi moral«, »lahko bi«, »projektira«, »napoveduje«, »ocenjuje ,« »cilji«, »verjame«, »upa«, »potencial« ali »nadaljevati« negativno teh izrazov ali podobnih besed. Te izjave o prihodnosti vključujejo, brez omejitev, izjave o Loopovi tržni priložnosti, njegovih strategijah, zmožnosti izboljšanja in razširitve svojih zmogljivosti, konkurenci, pričakovanih dejavnostih in izdatkih, ko Loop sledi svojemu poslovnemu načrtu, ustreznosti razpoložljivih denarnih sredstev, skladnosti s predpisi. , načrte za prihodnjo rast in prihodnje poslovanje, velikost Loopovega naslovljivega trga, tržne trende in učinkovitost Loopovega notranjega nadzora nad finančnim poročanjem. Izjave o prihodnosti niso zagotovilo za prihodnjo uspešnost, temeljijo na določenih predpostavkah in so podvržene različnim znanim in neznanim tveganjem in negotovostim, od katerih so mnoge zunaj nadzora Loopa in jih ni mogoče predvideti ali kvantificirati, zato se lahko dejanski rezultati bistveno razlikujejo. od tistih, ki so izražene ali implicitne v takšnih izjavah o prihodnosti. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). Podrobnejše informacije o Loopu in dejavnikih tveganja, ki lahko vplivajo na uresničitev napovednih izjav, so navedene v vlogah Loopa pri SEC.  http://www.sec.gov. Loop ne prevzema nobene obveznosti za javno posodobitev ali revizijo svojih napovednih izjav zaradi novih informacij, prihodnjih dogodkov ali česa drugega.

Za več informacij:

Odnosi z vlagatelji:
Kevin C. O’Dowd, Investor Relations
Loop Industries, Inc.
+ 1 617-755-4602
kodowd@loopindustries.com

Poizvedbe v medijih:
Andrea Kostiuk, podpredsednica za trženje in komunikacije
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

VIR: Loop Industries, Inc.


Tema: Povzetek sporočila za javnost


vir: Loop Industries, Inc
sektorji: Voda, Okolje, ESG, alternativna energija

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