Flow Capital., a prominent figure in offering flexible growth capital and alternative debt solutions, has announced the successful completion of a second tranche of its non-convertible loan transaction, standing at C$3.015m.
This new tranche is a progression from its earlier disclosed non-convertible loan transaction. The sum is to be represented through unsecured, non-convertible debentures (Debentures) which the company has issued to the lenders. These debentures have been established based on the debenture indenture agreed upon between Flow Capital and the Olympia Trust Company, serving as the debenture trustee.
Flow Capital Corp. has carved a niche in being a diversified alternative asset investor and advisor. Their forte lies in supplying minimally dilutive capital, particularly to emerging businesses on the cusp of growth.
The newly secured funds are earmarked for channelling into investments and addressing general corporate needs.
It’s pertinent to note that prior to this tranche, the company had sealed an initial set of loans on August 1, 2023. This earlier funding saw lenders advancing a collective sum of C$17.9m to the company.
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