FuelCell Energy secures $25 million EXIM loan; shares down

Shares of renewable power company FuelCell Energy FCEL.O fall 3.7% at $6.4

Co closes a new round of debt financing with the Export-Import Bank of the United States (EXIM)

The transaction provides about $25 million in gross proceeds

Proceeds will support production of fuel cell modules for the final phase of FuelCell Energy's upgrade at Gyeonggi Green Energy's Hwaseong Baran Industrial Complex in South Korea

"This repeat financing enhances our capital flexibility and enables us to accelerate our efforts to serve international markets," says FCEL CFO Michael Bishop

Including session's move, shares down 28.7% YTD