total debt, payment on FrydayTo finance the Acquisition, the Company entered into agreements relating to term loans, senior unsecured debt and equity bridge loans totalling $2,842,250 as follows: Debt financing facilities Principal Term US denominated term loan ....................................................... $ 1,100,000 6 years GBP denominated term loan .................................................... £ 500,000 6 years Senior unsecured debt .............................................................. $ 790,000 7 years Extended bridge loan ................................................................ $ 135,000 7 years Equity bridge loan .................................................................... $ 45,000 2 years
This is total debt, they are paying around 9% capital-debt from the first year, after 1 1/2 month from the new acquisition.