debt
confidence high
sentiment neutral
materiality 0.55
Clean Vision subsidiary secures $15M term loan for WV recycling facility
Clean Vision Corp
- $15M term loan from Huntington National Bank; $5M funded at closing on Nov 13, 2024.
- Second $10M tranche subject to conditions including delivery of $15M performance bond.
- Interest rate at Term SOFR + 3.75%; maturity February 1, 2027.
- Loan secured by substantially all assets of Clean-Seas WV.
- Proceeds used for development and construction of Kanawha County recycling facility.