Vending Machines International (VMI), has secured a SGD135 Million capital commitment from GEM Global Yield LLC SCS (GGY), a Luxembourg-based private alternative investment vehicle.
Under the agreement, GGY will provide VMI with a Share Subscription Facility of up to SGD135 million for a 36-month period following a public listing of VMI’s common stock. VMI will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation.
