Raadr (Doing Business as Telvantis) Announces $45 Million Working Capital Facility to Drive Accelerated Growth
Raadr Inc. (OTC PINK: RDAR), operating as Telvantis, has secured a new $45 million working capital facility through its Irish subsidiary in partnership with a leading European credit fund. The facility replaces a previous unsecured loan and features a five-year amortization term with reduced financing costs. The new arrangement aims to lower fixed-interest expenses while providing enhanced access to funding for growth initiatives in the telecommunications sector.
According to President Orlando Taddeo, this strategic financial milestone will enable Telvantis to achieve faster growth at a lower cost while pursuing new opportunities in the market.
Raadr Inc. (OTC PINK: RDAR), operando come Telvantis, ha ottenuto un nuovo finanziamento per il capitale di lavoro di 45 milioni di dollari attraverso la sua controllata irlandese in collaborazione con un importante fondo di credito europeo. Il finanziamento sostituisce un precedente prestito non garantito e presenta un piano di ammortamento di cinque anni con costi di finanziamento ridotti. Il nuovo accordo mira a ridurre le spese per interessi fissi, offrendo al contempo un accesso migliorato ai fondi per iniziative di crescita nel settore delle telecomunicazioni.
Secondo il presidente Orlando Taddeo, questo traguardo finanziario strategico permetterà a Telvantis di crescere più rapidamente a un costo ridotto, mentre persegue nuove opportunità nel mercato.
Raadr Inc. (OTC PINK: RDAR), que opera como Telvantis, ha asegurado una nueva facilidad de capital de trabajo de 45 millones de dólares a través de su subsidiaria irlandesa en asociación con un importante fondo de crédito europeo. La facilidad reemplaza un préstamo no garantizado anterior y cuenta con un plazo de amortización de cinco años con costos de financiación reducidos. El nuevo acuerdo tiene como objetivo reducir los gastos de interés fijo mientras proporciona un mejor acceso a financiamiento para iniciativas de crecimiento en el sector de las telecomunicaciones.
Según el presidente Orlando Taddeo, este hito financiero estratégico permitirá a Telvantis lograr un crecimiento más rápido a un costo menor mientras persigue nuevas oportunidades en el mercado.
Raadr Inc. (OTC PINK: RDAR)는 Telvantis로 운영되며, 주요 유럽 신용 펀드와 협력하여 아일랜드 자회사를 통해 새로운 4,500만 달러 규모의 운전 자본 시설을 확보했습니다. 이 시설은 이전의 담보 없는 대출을 대체하며, 5년의 상환 기간과 낮아진 자금 조달 비용이 특징입니다. 새로운 약정은 고정 이자 비용을 낮추는 동시에 통신 분야의 성장 이니셔티브에 대한 자금 접근을 개선하는 것을 목표로 하고 있습니다.
올란도 타데오 회장에 따르면, 이 전략적 재무 이정표는 Telvantis가 시장의 새로운 기회를 추구하면서 더 낮은 비용으로 더 빠른 성장을 이룰 수 있도록 할 것입니다.
Raadr Inc. (OTC PINK: RDAR), opérant sous le nom de Telvantis, a sécurisé une nouvelle facilité de fonds de roulement de 45 millions de dollars par l'intermédiaire de sa filiale irlandaise en partenariat avec un fonds de crédit européen de premier plan. Cette facilité remplace un précédent prêt non garanti et présente un terme d'amortissement de cinq ans avec des coûts de financement réduits. Le nouvel accord vise à réduire les frais d'intérêt fixes tout en offrant un meilleur accès au financement pour les initiatives de croissance dans le secteur des télécommunications.
Selon le président Orlando Taddeo, cette étape financière stratégique permettra à Telvantis de croître plus rapidement à moindre coût tout en poursuivant de nouvelles opportunités sur le marché.
Raadr Inc. (OTC PINK: RDAR), das als Telvantis tätig ist, hat über seine irische Tochtergesellschaft in Partnerschaft mit einem führenden europäischen Kreditfonds eine neue Working Capital-Fazilität in Höhe von 45 Millionen Dollar gesichert. Die Fazilität ersetzt ein vorheriges ungesichertes Darlehen und bietet eine Laufzeit von fünf Jahren mit reduzierten Finanzierungskosten. Die neue Vereinbarung zielt darauf ab, die festen Zinsausgaben zu senken und gleichzeitig den Zugang zu Finanzierung für Wachstumsinitiativen im Telekommunikationssektor zu verbessern.
Nach Angaben von Präsident Orlando Taddeo wird dieser strategische finanzielle Meilenstein es Telvantis ermöglichen, schneller zu wachsen und dabei geringere Kosten zu haben, während neue Chancen auf dem Markt verfolgt werden.
- Secured $45 million working capital facility
- Reduced financing costs compared to previous loan
- Lower fixed-interest expenses
- Five-year amortization term providing long-term stability
- Requires collateral as new facility is secured vs. previous unsecured loan
NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Raadr, Inc., now doing business as Telvantis (OTC PINK: RDAR) ("Telvantis" or the "Company"), is excited to announce the establishment of a new
This new facility, secured through the company’s Irish subsidiary in collaboration with a leading European credit fund, replaces a previous unsecured loan. Designed to enhance cost-efficiency and operational flexibility, the facility includes a five-year amortization term and reduced financing costs, aligning with Telvantis’ ambitious growth strategy.
"This working capital facility opens new doors for Telvantis to achieve faster growth at a lower cost," said Orlando Taddeo, President of Telvantis. "By partnering with a top-tier financial institution, we’ve secured a structure that reduces our fixed interest expenses and provides us with the resources needed to drive revenue growth and pursue new opportunities. This is a pivotal moment in our journey, and we’re energized by the possibilities ahead."
With these new financial arrangements, Telvantis is better positioned to expand its footprint and deliver shareholder value. This positive financial milestone underscores the Company’s commitment to growth and operational excellence.
Relevant Links:
https://www.telvantis.com
Safe Harbor Statement:
Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Telvantis Inc. Contact:
Contact information: ir@telvantis.com
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Source: https://www.telvantis.com
FAQ
What is the size of Telvantis (RDAR) new working capital facility announced in December 2024?
How does the new RDAR working capital facility compare to their previous loan?
What is the term length of Telvantis's new $45M working capital facility?
Which subsidiary of RDAR secured the new working capital facility?
