North American Windpower: Western Wind Energy Extends Loan Due Dates

Western Wind Energy Extends Loan Due Dates

by NAW Staff on Tuesday 18 December 2012

Western Wind Energy Corp. says it has extended C$25 million in short-term notes to various extended due dates up to and including April 2013.

The company says the extensions allow it to match the extended due dates of these loans with the expected receipt of the additional Windstar cash-grant payment, the expected close of the Yabucoa financing and other expected cash inflows over this time period.

Western Wind adds that short-term loan extensions with all of its vendors and institutional lenders help the sale process by removing uncertainty regarding liquidity.

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