Beneficient repays ~$27.5M in debt early; still owes $1.66M in deferred interest

Beneficient

Completed repayment of ~$27.5M aggregate principal to Texas state bank and Hicks Holdings ~10 months early.
Remaining $1.66M in deferred interest/fees owed to Hicks Holdings; expects to pay over time on mutual terms.
CEO James Silk stated the early payoff strengthens balance sheet and positions for strategic priorities.
All obligations under the lender credit agreement are satisfied; final payment will clear Hicks Holdings agreement.
Company believes eliminated debt improves capital structure flexibility and ability to pursue business objectives.

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