Kraken Robotics (TSE:PNG) has released an update.
Kraken Robotics Inc. has secured a new $45 million credit agreement with The Bank of Nova Scotia to support its growth ambitions, enabling investments in large programs, capital expenditures, and general corporate purposes. The facilities include a mix of revolving credit, capital expenditure lines, and uncommitted facilities, offering substantial financial flexibility. This strategic financial move is set to bolster Kraken’s balance sheet in line with their positive business momentum and strong EBITDA growth outlook.
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