Definition "Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms." Quote AS "Finally, I am also pleased to announce that we have signed a term sheet with an equipment financing company to provide up to $12.0 million in financing for the initial assembly line for the Unifill syringe that is installed at our York facility."
Anyone care to give their thoughts on the significance of the $8 million "term sheet". Why be so pleased to announce a loan.
UNS Price at posting:
76.5¢ Sentiment: Hold Disclosure: Held
