Novo Integrated Sciences Receives Underwriter Clearance Notice For $70M Coupon
Portfolio Pulse from Happy Mohamed
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has received an Underwriting Clearance Notice from RC Consulting Group LLC for a transaction with SCP Tourbillion Monaco. The transaction involves a 15-year $70 million promissory note for debt funding of $57 million, with a yield of 1.52% per annum. The note is unsecured and does not provide for the conversion of debt, issuance of shares, or the grant of warrants.
August 31, 2023 | 8:25 pm
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Novo Integrated Sciences has received clearance for a $70 million debt funding transaction. This could potentially improve the company's financial position and stability.
The clearance for the $70 million debt funding transaction could potentially improve Novo Integrated Sciences' financial position by increasing its cash reserves. This could make the company more attractive to investors, potentially leading to a short-term increase in the stock price.
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