Saturday, December 16, 2023 10:24:08 AM
Marc talked about the financing being completed in tranches, and the slide showed potentially a $5 million first tranche, but there are $6.3 million USD in mortgages seemingly due by 3/1 (unless one or more has been extended) and $6.9 million USD in notes that need to be retired to clean up the balance sheet.
Also, do you happen to know how binding the $6.8 million commitment to the architectural firm is? Would be nice if Marc could find a cheaper option if he decides that's the more prudent path.
Something I didn't hear discussed, but I could have missed, was green bonds, loans or grants, although I don't know how applicable they would be to Susglobal's situation. I know in the US both federal and state governments offer access to grants and loans to companies in the sustainable economy.
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