Westport Fuel Systems Secures €15 Million Loan from UniCredit
Westport Fuel Systems Inc - Common Shares (WPRT)
Last westport fuel systems inc - common shares earnings: 3/17 04:30 pm
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US:NASDAQ Investor Relations:
wfsinc.com/investors/corporate-overview
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Source: GlobeNewswire
VANCOUVER, British Columbia, July 24, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that they have secured a €15 million loan from UniCredit (“UniCredit”) to improve liquidity during the COVID-19 pandemic. The six-year €15 million term loan was issued to Westport Fuel Systems’ Italian subsidiary, MTM S.r.l.(“MTM”), under the Italian government’s Decreto Liquidità (“Liquidity Decree”), an enhanced framework of business support established to manage the challenges associated with COVID-19. This loan provides MTM with improved liquidity for working capital, payroll, and capital investment. "UniCredit's support of Westport Fuel Systems’ Italian activities bolsters a local business with a strong entrepreneurial reality and international vocation” said Andrea Casini, Co-CEO of UniCredit Commercial Banking Italy. “Prudent and strategic choices have ensured the safety and liquidity of the Company’s I
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WPRT
Earnings
- 3/25/24 - Miss
WPRT
Sec Filings
- 4/23/24 - Form 6-K
- 4/11/24 - Form 6-K
- 3/26/24 - Form 6-K
- WPRT's page on the SEC website