> Earlier this week, the company also announced a new finance package [PDF]. RP Ventures has agreed to a $26.5 million "senior secured promissory note" – a form

> Earlier this week, the company also announced a new finance package [PDF]. RP Ventures has agreed to a $26.5 million "senior secured promissory note" – a form of credit agreement – at an interest rate of 10 percent per annum. > The facility will be used to pay off a European Investment Bank loan, with a maturity date of October 11, 2023. > The new VC loan has a maturity date to a maximum of January 10, 2024. I'm no business expert but this strikes me as the corporate equivalent of taking payday loans to make your car payment.