Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for Neptune Wellness Solutions Inc. > News item |
Neptune Wellness gets $45 million facility via Perceptive Advisors
By Taylor Fox
New York, Oct. 30 – Neptune Wellness Solutions Inc.’s innovations business unit has entered into a letter of credit facility with Perceptive Advisors for up to $45 million to support the fulfillment of large purchase orders placed by a customer, according to a news release.
The product is being sourced by Neptune from an overseas supplier.
There is a fee of 2.5% on any funds drawn under the facility. Neptune will not pay a fee for the establishment of the facility.
Perceptive Advisors is the beneficial owner of more than 10% of the voting securities of Neptune.
Neptune is an integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands based in Quebec.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.