Mitesco Secures Up to $30 Million Financing Facility to Support Strategic Acquisitions and Accelerate Growth Initiatives
Mitesco entered into a definitive agreement for an equity line of credit facility of up to $30 million with historical investor C/M Capital Partners to support acquisitions and retire bridge debt. The 36-month facility allows the company to draw funds at its discretion with pricing set at a 10% discount to the market price, subject to certain adjustments.
Key figures
- Deal Value Usd
- 30000000
- Facility type
- Equity Line of Credit
- Discount to market
- 10%
- Facility fee percent
- 2
- Facility term months
- 36
- Existing obligations usd
- 10000000
AI analysis
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