What the hell does this para mean though?
"The BlackRock facility has a four-year term and bears 10% interest per annum on utilised funds. BlackRock has been granted equity upside in the performance of the shares of the Company, consisting of the appreciation over two cents per share on 250 million shares of the Company over a five-year period. The facility also has customary security and financial covenants."
Anyone got more of an idea?
Ann: Funding Secured from Global Investment Firm, Blackrock, page-7
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