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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