ANNOUNCED AS TEMPORARYNo
On 20 December 2017, the Brazilian Company of Innovation and Research (FINEP) provided Sotreq S.A. with a BRL 141 million (circa USD 43 million) credit line. The objective of this financing is to invest in a new project related to waste treatment.
The repayment deadline for the credit has been set up on 20 December 2019.
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.
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