The 10m debt facility is exclusively for financing of conversion costs incurred installing new hardware,networks, (classified as capital infrastructure)
While the new debt facility is to support cash flow requirements as the customer base expands, in essence LPE incurs an upfront cost for electricity as they supply a new customer. Due to the billing and payment cycle the customer may not pay LPE for several months. The new finance is to cover the gap between LPE paying and getting paid
The 10m debt facility is exclusively for financing of conversion...
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