BUZZ-FuelCell Energy secures $25 million EXIM loan; shares down
Reuters
Dec 01
BUZZ-FuelCell Energy secures $25 million EXIM loan; shares down
** Shares of renewable power company FuelCell Energy FCEL.O fall 3.7% at $6.4
** Co closes a new round of debt financing with the Export-Import Bank of the United States (EXIM)
** The transaction provides about $25 million in gross proceeds
** Proceeds will support production of fuel cell modules for the final phase of FuelCell Energy's upgrade at Gyeonggi Green Energy's Hwaseong Baran Industrial Complex in South Korea
** "This repeat financing enhances our capital flexibility and enables us to accelerate our efforts to serve international markets," says FCEL CFO Michael Bishop
** Including session's move, shares down 28.7% YTD
(Reporting by Varun Sahay in Bengaluru)
((Varun.sahay@thomsonreuters.com;))
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