debt
confidence high
sentiment neutral
materiality 0.50
Genasys amends Maran loan: repays $800K, extends maturity to Oct 30, pays $92.5K fee
Genasys Inc.
- First Amendment to June 9, 2026 unsecured term loan; principal reduced to $3.5M after $800K repayment.
- Maturity extended from Sept 14, 2026 to Oct 30, 2026; prepayment notice cut from 30 days to 3 business days.
- Amendment fee of $92,500 paid at closing; governing law changed to Delaware, jurisdiction Denver.
- Covenants include consent under Amended Whitebox Facility (Cantor Fitzgerald) before prepayment; no default outstanding.
- Loan matures Oct 30, 2026; company paid down 18.6% of outstanding principal.