debt
confidence high
sentiment neutral
materiality 0.35
Rego Payment extends $20M line of credit with James Davison to March 2026
REGO PAYMENT ARCHITECTURES, INC.
- Maturity of existing $20M unsecured line of credit extended one year to March 13, 2026.
- No outstanding balance on the line as of the amendment date.
- Draws bear 7% interest; repayment due upon change of control or within 60 days after one year.
- Lender James Davison is an existing shareholder of the company.