-+ 0.00%
-+ 0.00%
-+ 0.00%

Inseego Repays $15M In Remaining Convertible Notes Due 2025

Benzinga·05/01/2025 20:42:32
Listen to the news

Inseego Corp. (NASDAQ:INSG) (the "Company"), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced that it has completed a major milestone in its overhaul of the Company's capital structure by paying-off the remaining balance of approximately $15 million on its 3.25% convertible notes due 2025 (the "2025 Convertible Notes").

After the pay-off of the 2025 Convertible Notes, the Company has outstanding debt of approximately $40.9 million in principal amount of its new senior 9.0% secured notes due in 2029 (the "New Senior Secured Notes").