NuRAN Wireless secures USD 10 million non-dilutive revolving credit facility
Bitget2026/10/29 12:02- NuRAN Wireless entered into a USD 10 million non-convertible revolving credit facility with a lender representing a supporting shareholder group.
- The facility funds working capital and tower construction until January 1, 2028, unless extended by mutual agreement.
- Borrowings will not dilute existing shareholders; the facility has no equity-linked features.
- First-ranking security covers the borrower and certain non-African subsidiaries, excluding African operating subsidiaries, their assets and equity interests.
- Management will not use the at-the-market equity program at current prices; no shares have been sold under the program.
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