Hamilton Locke acted for Arrowpoint Capital in relation to the A$16 million senior debt facility provided to Atomos Limited, a leading software and hardware technology company that creates video monitors and recorders for the rapidly growing video content creation market. The senior debt facility will be used by Atomos towards strategic acquisitions, working capital and other items. As part of the transaction, Hamilton Locke also advised Arrowpoint Capital on the call option arrangement, under which Arrowpoint Capital was issued with 2,400,000 2-year options to acquire Atomos Limited shares.
Commenting on the transaction, Zina Edwards said: “We are delighted to have assisted Arrowpoint Capital on its investment into Atomos Limited. This is another great example of how alternative credit can be a flexible source of capital to support the funding needs of both private and public companies – particularly so given current market conditions. We are excited to follow the growth and success of Atomos.”
The Hamilton Locke team was led by finance partner Zina Edwards, senior associate Calyb Soekoe and lawyer Preeti Lo. Partner Sarah Gilkes and senior associate Ben Cameron assisted with due diligence on the IP assets of Atomos.
For more information, please contact Zina Edwards.
