Wednesday, June 28, 2017 10:32:16 AM
Apart from seeking equity financing from Stage 4A, Triway is also working with other lenders to secure debt financing (in addition to its working line of credit discussed in previous reports), wherein one lender who had begun its due diligence during April 2017 is nearer to providing a formal loan proposal and/or letter of credit at commercial rate to Triway (Stage 4B). Even though the lending facility will be less than what is targeted to be procured in the pre-IPO offering, it will provide Triway with initial capital funding to continue moving the project forward until additional funding is secured through the pre-IPO process.
Impressive, this level of transparency, eh?
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