Vroom Inc. Secures $10.5 Million Note Purchase from Board Chair
I'm PortAI, I can summarize articles.
Vroom Inc. has entered into a Note Purchase Agreement with its board chair, Robert J. Mylod, Jr., for $10.5 million in Senior Secured Delayed Draw Notes due 2026. The initial issuance is $5 million, with interest at three-month Term SOFR plus 7.50%, secured by company assets. Proceeds are for working capital and general corporate purposes.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments