Many key questions as to how GlobalX will fuel its aggressive growth plan were positively answered today, August 2nd 2023, with news that New York based Axar Capital Management LLC is providing the Miami based charter and cargo airline with USD $35 million of Senior Secured Notes.
Axar is a value-oriented alternative asset management firm with over USD $2.3 billion in assets under management.
This news negates any market or shareholder concerns that there could be significant share dilution if GlobalX had to raise a considerable amount of equity.
GlobalX Chief Financial Officer, Ryan Goepel spoke with Grant Howard, President of The Howard Group about Axar’s investment and the multiple benefits that come with the strategic investment.
Areas covered included:
- Certainties that the investment brings to GlobalX’s growth plans,
- The benefits of the Senior Secured Notes,
- Eliminating the need to raise equity until it makes sense,
- The belief this deal will attract more institutional interest and,
- Thinking around a NASDAQ listing.
https://www.axarcapital.com/
To read the news release click here.