Terms
- Announced
- 21 Feb 2024
- Instrument
- Debt
- Amount
- US$2.16mReported as EUR 2m, converted at 1.0794 USD/EUR (February 2024 average)
- Source
- nefco.int
Parties
- Project developer
- MASH Makes A/S
- Recipient type
- Technology company
- Country
- Denmark
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Nefco Investor US$2.16m Sole provider: the whole transaction
Carbon
- Pathway
- Biochar
Structure and cover
- Structure flag
- Plain loan
What happened
- For a second commercial pyrolysis facility near Udupi, Karnataka. Takes Nefco’s total exposure to EUR 3.75m. Nefco states the loan is intended to help leverage equity investment, so it is explicitly catalytic. Security package not disclosed.
Kumo note
- A second loan from the same Nordic public lender, described by the lender itself as intended to leverage equity behind it, which is concessional capital doing the job it is meant to do.
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