Blacksheep Trust Files Partial Assignment Of $1B Dollar Gold Backed Bond To Novo Integrated Sciences
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has received a partial assignment of a $1 Billion Gold-Bullion backed Bond from Blacksheep Trust. The Bond is a 20-year instrument with 12.5% annual interest, and the assignment to Novo is for up to 15 years without annual interest. This follows a Master Agreement between Novo and Blacksheep from September 27, 2023, for the transfer of $1 billion in collateral for monetization by Novo.
December 19, 2023 | 9:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Novo Integrated Sciences has been assigned a portion of a $1 Billion Gold-Backed Bond from Blacksheep Trust, which will be used for monetization without annual interest benefits.
The assignment of the Gold-Backed Bond to Novo Integrated Sciences is likely to be viewed positively by investors as it enhances the company's asset base and provides a significant financial instrument for monetization. The lack of annual interest payments on the bond for Novo could be seen as a favorable term, potentially improving the company's cash flow and financial flexibility in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100