Report
NX Filtration Concluded refinancing buys extra time – model update
Early January NX Filtration issued a second profit warning in 6 months time and communicated a 1.5 year delay in the roll-out of its business plan. This prompted a refinancing for the loss making filtration pioneer. Late March the company announced it secured debt financing of at least €20m and completed a €25.5m capital increase via ABB. Last week, the CFO announced to step down to pursue his career outside the company.
Underlying
NX FILTRATION HLDG BV
Provider
KBC Securities
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Kristof Samoy
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