BLA
Click for more information
0.00% 18.5¢ blue sky alternative investments limited

Share price was around $1.60 while the $50m note facility...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
TRADE NOW
TRADE NOW
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
TRADE NOW
  1. 8horse
    26,847 Posts.
    lightbulb Created with Sketch. 1841
    clock Created with Sketch.
    12/02/19
    16:54
    Post #: 37413295
    Share price was around $1.60 while the $50m note facility granted.

    Oaktree is sharp, they didn't grant the $50m note for free, they collected $1m facility fee, plus 15% interest p.a. Also, if BLA were performing very well, share price climbed above $1.87, then they have a right to convert the loan to shares; otherwise collect the $50m loan back at end of seven year period.
    Last edited by 8horse: 12/02/19
    BLA Price at posting: 91.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add BLA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.