Disclaimer
This Summary of Investment Information (SII) is prepared by Neowiitan to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of Neowiitan’s activities. For any project documentation or data included or attached herein, authorization has been given for public release by the client. Neowiitan considers that this SII is of adequate quality for release to the public.
- Clients : WJ Kelley Media
- Category : Finance, Investment
- Industry : Audio Visuals
- Completed : 30 June, 2019
- Value : $20M
- Country : Americas
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project description
This was an AV system design project worth 20M, for proprietary technology reasons, we cannot show by name but the project represents an important part of what WJ Kelley Media does.
With the onset of the COVID-19 pandemic the client realized they needed a solution to allow their business to continue to sell and demo their large printing products without customers traveling to their facility, but needed funding for the project since it was a huge project.
So they engaged with Neowiitan to help them source for funding during the hard and crucial time, in order to bring their project to fruition.
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project challenge
As at the time, investors were not willing to invest on a equity type of financing, due to the pandemic.
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final result
WJ Kelley Media finally came to terms on a debt financing loan of US$20 million. The proceeds was used to finance the project to a successful completion and the Company’s capital expenditure (CAPEX) plan 2020-2021, geared at improving its 100% service coverage objective, growing operational resiliency, enhancing service quality, and increasing efficiency (the Project).
