Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank
Westport Fuel Systems Inc - Common Shares (WPRT)
Last westport fuel systems inc - common shares earnings: 3/17 04:30 pm
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wfsinc.com/investors/corporate-overview
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Source: GlobeNewswire
VANCOUVER, British Columbia, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that they have secured a €7 million loan from Deutsche Bank to improve liquidity during the COVID-19 pandemic and finance capital investments for long-term growth. The six-year €7 million term loan was issued to Westport Fuel Systems’ Italian subsidiary, Emer S.p.A (“Emer”), under the Italian government’s Decreto Liquidità (“Liquidity Decree”), an enhanced framework of business support established to help manage the challenges of COVID-19. This loan provides Emer with improved liquidity for working capital, payroll, and capital investments. “Our Italian facilities are in full-recovery mode and we remain focused on providing our customers around the world with affordable, market-ready, clean transportation solutions to support the green recovery,” said David M. Johnson, Chief Executive Officer of Westport Fuel
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WPRT
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WPRT
Earnings
- 3/25/24 - Miss
WPRT
Sec Filings
- 4/11/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/26/24 - Form 6-K
- WPRT's page on the SEC website