Last resort!
This is a 'senior secured debt facility' with 12% interest p.a. + 2.5% at the end + $3M warrants (6% of Mkt cap).
GSUS, that is expensive!
If that's the best deal MMM can get (HQ in super-low interest country Germany), then their creditworthiness must be almost non-existing.
This ship is sinking. Now upside potential insight for the next two years.
