Spinnova signs EUR 1.5M loan deal with Tearfil

Spinnova signed a binding EUR 1.5 million loan agreement to provide bridge financing to Portuguese yarn spinner Tearfil, as part of a planned acquisition of all Tearfil shares.

“Tearfil has been an important partner for Spinnova, playing a key role in advancing Spinnova fiber toward commercial applications.”wwd.com

• 1 source
• wwd.comSpinnova Signs $1.7 Million Loan Deal with TearfilAlexandra HarrellSep 3, 2019

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