Carbon Revolution Announces New Interest Payment Agreement with OIC and Existing Noteholders Following $27 Million Funding Release

Reuters
07-26
<a href="https://laohu8.com/S/CREV">Carbon Revolution</a> Announces New Interest Payment Agreement with OIC and Existing Noteholders Following $27 Million Funding Release

Carbon Revolution plc, a leading global manufacturer of carbon fiber wheels, has announced the release of US$5 million from Orion Infrastructure Capital as part of a US$25 million facility, alongside a US$400,000 reserve release from existing lenders. This funding concludes the full release of the US$25 million facility initially announced in December 2024 and brings total reserves released to US$2 million. As part of this financial arrangement, the company will issue penny warrants to OIC and existing noteholders, allowing them to purchase an aggregate of 5% of the company's outstanding shares. Both OIC and the lenders have agreed to partial in-kind payments for certain interest obligations over the next six months. Despite new programs on the horizon, Carbon Revolution has adjusted its revenue forecasts downward due to a decline in projected wheel orders and anticipates the need for additional funding within the next quarter. Discussions for further financial support are ongoing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carbon Revolution plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-027341), on July 25, 2025, and is solely responsible for the information contained therein.

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