PARIS — Canadian satellite geospatial imagery and services provider UrtheCast Corp. said it had secured a one-year, $12 million term loan to finance debt payments and a downpayment on the purchase of GeoSys Technology Holding from Land O’Lakes.
The loan, from Bolzano Investments and 1112099 B.C. Ltd., carries a 14% interest rate and includes a one-time finance fee of $180,000 to be paid to Bolzano. In addition, Bolzano will be given 19.8 million UrtheCast shares, with a May 25,2023, maturity and an exercise price of 48 Canadian . . .
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