Caliber restructures $12.6M notes: extends maturities, cuts interest, gains payoff option

CaliberCos Inc.

$12.6M notes restructured: $2.9M into 5-yr 6% amortizing notes, $0.6M into Series AAA convertible preferred, $9.1M payoff option at 80% (~$7.3M).
Program addresses ~$11.3M of $21.1M (54%) of notes maturing within 12 months; cuts annual interest +$1.3M if fully exercised.
New notes replace ~11.5% weighted avg rate with 6%, reducing interest expense ~73% over five years.
Series AAA preferred pays 12% non-cumulative dividend (cash or stock), convertible in tranches at $2.50/$3.50/$4.50.
If payoff option exercised in full, company expects ~$1.8M gain; funding sources not yet secured.

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