Triyards Holdings Limited (SGX:RC5) announced that it will receive $5 million in funding from new lender, Ferrell Vanguard Fund SPC a fund managed by Ferrell Asset Management Pte Limited on February 13, 2018. The investor will provide the funding in form of a short term loan under an exclusivity agreement to the company. The loan bears an interest rate of 4% per annum and will have a tenor of 180 days. On the same date, the company has received $1.2 million in its first tranche of the transaction from the investor. The transaction is expected to close on February 20, 2018.