Don’t think 10% for a bank funded facility is likely in current environment.
The $40m facility Strike got was 11% coupon plus bank bills swap rate - which for 30 days is currently 3.41% (6 months is 3.95%) so range from 14.41% to 14.95%.
Strike would have more financial muscle than TPD.
Ann: Firm Commitments for $14ml Capital Raising, page-28
-
- There are more pages in this discussion • 271 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)