Pryme N.V. Secures EUR 5 Million Loan for Expansion

Pryme B.V. (DE:8XG) has released an update.

Pryme N.V., a cleantech company specializing in converting plastic waste into pyrolysis oil, has secured a loan facility of up to EUR 5 million from Energietransitiefonds B.V. The loan, with a 9% interest rate and a grace period until July 2025, is intended to fund new production sites and general corporate expenses. Additionally, Pryme will issue 300,000 new shares to ETF-R upon loan repayment.

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