Enapter AG negotiates with strategic investors

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Enapter AG / Keyword(s): Financing/Alliance
Enapter AG negotiates with strategic investors

01-Mar-2022 / 16:11 CET/CEST
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Enapter AG negotiates with strategic investors

– Negotiations with three strategic investors on capital measurement

– Debt financing is expected to be finalized by the end of May

Berlin (01 March 2022); Enapter AG (ISIN: DE000A255G02) is working on financing the construction of its own production site, the Enapter Campus. It is in advanced negotiations with a total of three interested strategic investors. These include sales and development cooperation agreements as well as a possible capital injection through a capital increase of 20 to 70 million euros per investor. The company expects negotiations to be completed by the end of March. Until then, financing for the construction of the Enapter campus was provided by Enapter Immobilien GmbH. If there is no financing by the end of March, major shareholder Sebastian-Justus Schmidt said he would in principle be ready with bridge financing.

Negotiations on raising debt financing as a cornerstone of funding are at an advanced stage. A non-binding term sheet of a banking consortium composed of three banks has been submitted, but remains subject to various conditions, including the strengthening of capital. The current schedule assumes that the financing will be closed by the end of May 2022. The volume of debt financing is 90 million euros, of which 70 million euros are intended for the financing of the Enapter Campus and 20 million euros as an advance on grants. . The financing commitment remains subject to various conditions, including the successful completion of financial, technical and commercial due diligence and the commitment of a State guarantee. Due diligence is currently underway on behalf of the banking consortium.

About Enapter AG
Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators to replace fossil fuels and thereby drive the energy transition globally. Patented and proven Anion Exchange Membrane (AEM) technology enables mass production of low-cost plug-and-play green hydrogen electrolyzers at any scale. The modular systems are already in use in 44 countries in the fields of energy, mobility, industry, heating and telecommunications.
Enapter AG is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, WKN: A255G0.

Further information :

Website : https://www.enapter.com
Twitter: https://twitter.com/Enapter_
LinkedIn: https://www.linkedin.com/company/enapter/
Facebook: https://www.facebook.com/enapterenergystorage

Company details

Enapter AG Reinhardstr. 35 10117 Berlin

[email protected]

www.enapterag.de

Contact the economic and financial press

Ralf Droz / Doron Kaufman
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Phone. : +49 (0) 69 90 55 05-54
Email: [email protected]

01-Mar-2022 CET/CEST DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
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