Amaero International (ASX:3DA) received the US Export-Import Bank (EXIM) approval for a AU$37.8 million loan to its Tennessee-based unit Amaero Advanced Materials & Manufacturing, according to a Thursday filing with the Australian bourse.
The loan, part of EXIM's "Make More in America" initiative, will fund capital equipment for the unit's advanced manufacturing operations, the filing said.
Amaero expects to finalize the documentation of the loan in the current quarter. The funds will be drawn over five quarters, starting in the fourth quarter of fiscal 2025, the filing added.
The company plans to invest $50 million into equipment and facility upgrades at the unit.
The loan terms include a 12-month interest-only period, followed by seven years of principal and interest payments at an estimated 6.95% annual cost of capital, the company said.
Shares of the company rose 3% in recent Thursday trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。