Today,
BPC Ireland specializes in growth lending in
The funds will be used to refinance an existing term loan with InvoiceFair of which there was
One of the conditions of the loan is that within 12 months,
The interest rate charged on the loan is 13% annually and the loan will be over a 48 month period. The lender will not take any equity warrants or other equity instrument.
John O’Connor, CEO said:
“I am delighted to announce fundraising which secures the future of the Company as we continue on our path to profitability and I look forward to working with our new partners in continuing to grow the business. This funding will support us on our mission to make it simple to have waste collected and recycled globally.
I recognize that one of the conditions is that the Company is no longer listed on the Nasdaq First North in 12 month’s time. The Board and Senior Management is actively engaged in evaluating its strategic options to ensure the best outcome for shareholders, customers, suppliers and employees. I am also confident that there will be no impact on the day to day operations of the business”.
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