Norway: Observe Medical secures new financing for short term needs

Nordic medtech company, Observe Medical, has entered into loan agreements of NOK10m (US$960,000) with its largest shareholders to cover short-term financing needs. The company will immediately receive payment of NOK5m and, subject to agreement between the parties, an additional increase of NOK5m. “We are fortunate in to have such strong support and commitment from the owners,” said Rune Nystad,…

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Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.