OTCPK:NNVUF - Post by User
Comment by
DanielDarden123on Jul 22, 2020 3:36pm
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Post# 31303803
RE:RE:Deal done
RE:RE:Deal doneUntil the IPO closes, this may not be a done deal as,IMO, Starlight was blindsided by the lack of take up of the Fund. The Circular was in fact suggesting (by placing a max) that much less cash would be required. Additionally, cap rates have risen, implying the need for more coverage in financing which the creditors must approve. The NVU financing conditions are likely much more favourable than at present despite the lower rates on new financings.