Raser Technologies (RZ) has agreed to pay $27 million to the lender that provided the financing for the Thermo 1 geothermal power plant right away along with another $6 million within the next year. In exchange, the lender will waive compliance with applicable debt related covenants and obligations for the next year.
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As part of the process to establish the value of the company portfolio, Raser … Read the rest
Raser Technologies (RZ) has reached an agreement with its financing parties which allows the company another 10 days to complete the Thermo 1 project at which time Raser expects to provide an update on progress including final payment arrangements from the funds it received from US Treasury.
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“This extension will give us time to work with our project financing partners in evaluating the performance of … Read the rest