Bergamo Acquisition Corp. (BGMO)

[Greengo]

Standby Letter of Credit -- A letter of credit which a bank issues on behalf of its customer to serve as a guarantee to the beneficiary of the letter of credit that the bank's customer will perform a specified contract with the beneficiary. If the customer defaults, the beneficiary may draw funds against the letter of credit as penalties or as payments, whichever the terms of the credit provide.


Bergamo Acquisition Corp. Obtains $100 Million Financing Commitment for Shared Credit Facility Secured by Standby Letter�of Credit for Acquisitions
Ticker Symbol: U:BGMO
This financing has nothing to do with Pakistan ,
This commitment is separate and in addition to the previous announcements which are specifically designated for Pakistan.
aston has no idea what he is talking about!!!!