---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002509"
form_type: "8-K"
ticker: "INSG"
cik: "0001022652"
company_name: "INSEEGO CORP."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T17:52:30.208052+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inseego terminates ABL facility, pays ~$3M, eliminates $1.9M annual interest/fees

## Summary
- Voluntarily paid off and terminated $8.5M asset-backed loan facility with Siena Lending Group.
- Paid outstanding balance and termination fees of approx. $3.0M; plus $400K exit fee to participants.
- Eliminates $1.9M in annual interest and fees incurred in 2023; no future interest expense on facility.
- Lien on all company assets released; management cites improved liquidity and financial performance.
- Participants include South Ocean Funding and North Sound Ventures, affiliates of >5% holders and board member.

## SEC filing metadata
- accession: 0001683168-24-002509
- form_type: 8-K
- ticker: INSG
- cik: 0001022652
- company_name: INSEEGO CORP.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022652/000168316824002509/0001683168-24-002509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022652/000168316824002509/inseego_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002509
- JSON: https://secwatch.observer/filing/0001683168-24-002509.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002509.txt

## Key facts
- Material Agreements
  INSEEGO CORP. terminated Loan and Security Agreement with Siena Lending Group LLC (effective 2024-04-18).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Siena Lending Group LLC
  - Effective: 2024-04-18
  source text: Effective April 18, 2024, Inseego Corp. (the “Company”), exercised its right to voluntarily terminate the Loan and Security Agreement, dated as of August 5, 2022, by and among Siena Lending Group LLC, as lender (the “Lender”), Inseego Wireless, Inc. and Inseego North America LLC, as borrowers, and the Company, as guarantor (as amended, the “Loan and Security Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022652/000168316824002509/0001683168-24-002509-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.