Corporate news

June 17th, 2017

Pyrolyx AG: Debt financing subject to condition
precedent agreed for first US plant

Munich, 17th June 2017

Pyrolyx AG has announced that a debt financing agreement for $US30 million has been signed with the help of Investment Bank Piper Jaffray & Co. (USA). The loan for the construction of the first production plant in Indiana, USA, bears interest of 7.25% p.a. and will mature in December 2028. The debt financing commitment is conditional on the availability of the equity required to finance the project. 

About Pyrolyx AG

Pyrolyx AG is the world leader in the extraction of rCB (recovered carbon black) from end-of-life tires. Conditioned rCB is used to manufacture new tires as well as in the plastic and technical rubber industries. Pyrolyx AG’s eco-friendly technology provides an answer to the problem of how to dispose of and recycle the world’s growing volume of disused tires.

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Press officer:
Rolf-Hendrik Arens
VP Communications
Pyrolyx AG – Munich
Email: arens(at)pyrolyx.com
Mobile: +49 (0) 151 70 10 10 70
Office: +49 (0) 89 856 335 – 0