The line of credit is used to finance equipment and has a fixed payback period. They have only raised around 100M in equity investment from VCs. The last being 83M in 2015. This is the money which requires multiples.
The line of credit is used to finance equipment and has a fixed payback period. They have only raised around 100M in equity investment from VCs. The last being 83M in 2015. This is the money which requires multiples.