EOS electro optic systems holdings limited

Ann: New Financing Facilities and Strategic Growth Options, page-8

  1. 910 Posts.
    lightbulb Created with Sketch. 170
    Not so good overall either. 22% interest on $35m! Total inclusive repayment of $127m. Considering that should EOS be successful in winning the IFV contract, with the contract being revised to 300 units to a total $800m over 10 years equates to $80m/yr. Take out capex and salaries and they're left with not much at all.

    And when EOS state:

    "it was determined that the new financing arrangements entered into with WHSP is the
    best available alternative to provide the funding certainty needed to support EOS’ restructuring
    plans and future growth.."

    It actually means that it is the only alternative.

    My views only. Catch ya's.
 
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