Debt refinance of listed mining services company
Loan Description
Overview
Senior secured, combination asset backed and cash-flow lend
Amount
$25,000,000
Collateral
PP&E, Receivables and Property
Use of Funds
Re-finance existing debt and provide working capital funding
Term
36 months
LVR
~75% of market value
Interest Rate
11% – 15% per annum plus equity
Date
05 Feb 2016
Status
Completed
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Size
$25,000,000
Indicative Interest Rate
11% – 15% per annum plus equity
Date
05 Feb 2016
Status
Completed