Mr. Riley Taggart reports
CLEANTEK INDUSTRIES SECURES $2 MILLION CREDIT FACILITY FOR INTERNATIONAL EXPANSION AND RETIRES PREVIOUS ASSET-BASED LENDING FACILITY
Cleantek Industries Inc. has secured a $2-million senior credit facility with a Canadian financial institution to support the company's continuing international growth initiatives and provide additional working capital flexibility.
The facility carries customary commercial terms and conditions and is expected to enhance Cleantek's financial flexibility as the company advances its previously announced large international project and pursues additional growth opportunities in key markets, supports inventory growth, and strategic business deve lopment initiatives.
In conjunction with the new facility, the company has retired the remaining capacity under its previous asset-based lending facility, often referred to as the build loan.
"We continue to focus on growth, and we see that growth reflected quarter over quarter," said Riley Taggart, chief executive officer. "The facility provides additional flexibility as we execute on our previously announced 60-unit Halo SE international sale while supporting broader corporate initiatives and further streamlining our capital structure."
About Cleantek Industries Inc.
Cleantek is an energy technology company providing specialized and fully integrated waste water treatment, disposal equipment and turnkey sustainable lighting rental solutions. By leveraging patented technology and industry expertise, Cleantek delivers tailored, cost-effective solutions to a diverse client base, including blue-chip exploration and production companies across North America.
With a focus on sustainability, safety and operational excellence, Cleantek is well positioned to meet the rising water treatment and sustainable lighting market demand. The company's proven record and commitment to innovation drive long-term value creation in the clean technology sector.
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