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What would cause us to prepay?

Constantina Kokenes avatar
Written by Constantina Kokenes
Updated over a week ago

We may choose to prepay the note after 6 months, especially if:

  • Our profitability continues to grow, reducing the need for external capital

  • We complete a larger capital raise or gain access to cheaper institutional debt

  • We want to reduce our cost of capital proactively

As profitability and working capital improves further, we will decide if we want to repay to lower our operating cost of capital. Larger capitalization through subsequent financing could provide the means to repay early.

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