Fuel Cells – Proton Motor Power inks new loan facility with Falih Nahab, EUR12 million.
Proton Motor Power Systems PLC – London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems – Enters new EUR12 million loan facility with Falih Nahab. Explains that this facility has been provided on the same terms as the existing EUR77.5 million loan facility with Nahab, with an interest rate of 12-months Euro Interbank Offered Rate, plus 3%. The itnerest can be settled once or twice yearly by way of share issue. The principal amount of the facility is repayable on December 31, 2025.
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Fuel Cells – Proton Motor Power inks new loan facility with Falih Nahab, EUR12 million. source
