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It's not a debt facility is it Rifici? It's a factoring...

  1. Serpie
    500 Posts.
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    31/07/08
    14:29
    Post #: 4057788
    It's not a debt facility is it Rifici? It's a factoring arrangement.

    95% of value of existing outstanding US invoices paid straight away, and 85% after that.

    Ditching 15% of the sales value in return for prompt payment. I hope their profit margin is over 15%!

    I'd like to know how long the arrangement continues for.
    BRT Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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