GomSpace secures EUR 18 million in refinanced credit facility

GomSpace, a listed and leading manufacturer and supplier of CubeSat & small satellite solutions, has successfully refinanced its existing EUR 18 million credit facility, originally provided by the European Investment Bank (EIB), through a new agreement with Peter Kendal Hargreaves, the company’s main shareholder, who now steps in as lender. Mazanti-Andersen has advised the lender in connection with the refinancing. 

GomSpace (a wholly owned subsidiary of GomSpace Group AB) is a global designer, integrator and manufacturer of high-end nanosatellites solutions and is listed on Nasdaq First North Premier exchange under the ticker GOMX. The company is headquartered in Denmark, have offices in the US, Singapore, Luxembourg and Sweden and serve customers in more than 50 countries.

The new credit facility secures continued access to up to EUR 13 million in available credit to support the company’s growth strategy and offers increased flexibility in the use of funds.

Mazanti-Andersen advised the lender throughout the process, including structuring and negotiating the refinancing agreements, with a team comprising Jan Al-Erhayem, Michael Kristensen, Mathilde Schwitzer Alnor, and Carl-Emil Knage Engelsen.