"The interest rate is too low for an unsecured facility. They are secured in some way. "
Again, I agree.
Specifically, MSB has no tangible assets, so the only securitisation Hercules would be able to obtain is via the future market value of MSB's equity, via some or other convertible hybrid or some other convertible debenture-style of instrument.
Ann: MSB Enters Into $75 Million Non-Dilutive Credit Facility, page-113
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Last
95.0¢ |
Change
0.025(2.70%) |
Mkt cap ! $1.084B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 96.8¢ | 93.5¢ | $4.207M | 4.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42268 | 94.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 48002 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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