Agilyx has announced a major financing package for the Cyclyx JV that will provide it with significant new capital. While Agilyx reduces its holding from 75% to 50%, we see the transaction boosting the JV’s growth prospects, opening up a wider opportunity set. Along with a NOK 220m private placing the deal also de-risks Agilyx financially.
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Agilyx - New JV Funding Secured
Agilyx has announced a major financing package for the Cyclyx JV that will provide it with significant new capital. While Agilyx reduces its holding from 75% to 50%, we see the transaction boosting the JV’s growth prospects, opening up a wider opportunity set. Along with a NOK 220m private placing the deal also de-risks Agilyx financially.