From my understanding this means that palantir has enterred a new agreement where it can loan up to 500 million total, 400 million from existing lenders and 100 million from new or existing lenders. Simultaneously they paid off their prior 200 million loan and are currently debt less. What this means is that this is nothing more than a mere updating ofa lending agreement, allowing them to borrow more than what they were previously allowed for future growth. With interest rates rising soon, especially with unemployment datatrending positively,securing greater sources of cash flows earlier might prove a smart move to secure more growth funds if necessary at a cheaper cost. This is completely my opinion and may be wrong.
BRIEF-Palantir Technologies Says Co & Unit Entered Into Amendment No. 11 To Revolving Credit Agreement & Incremental Agreement
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
