Netherlands-based Ebusco, a motor vehicle manufacturing company, restructures loans and signs a €39M energy deal.
Ebusco has shifted to an outsourced manufacturing model under the Original Equipment Design approach and has made changes in its management team.
The company has reached debt restructuring agreements with Heights Capital Management and Kabuto Technology Co., Ltd., with loan conversions aimed at reducing debt.
Christian Schreyer stepped down as CEO citing health reasons, and interim CFO Mark de Haas also left after restructuring loans.