Inseego Voluntarily Pays-off and Terminates Asset-Backed Loan Facility to Improve Capital Structure Flexibility and Meaningfully Reduce Financing Costs [Yahoo! Finance]
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Yahoo! Finance
SAN DIEGO, April 18, 2024 BUSINESS WIRE )--Inseego Corp. (Nasdaq: INSG) (the "Company"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, announced today that as a result of its improving liquidity position and financial results, the Company exercised its right to voluntarily pay-off and terminate its asset-backed loan facility (the "ABL Facility") with Siena Lending Group ("Siena"). On a monthly basis, the Company has been required by the terms of the ABL Facility to pay fees and interest expense on a principal amount of $8.5 million, irrespective of the amount of funds actually borrowed by the Company under the ABL Facility. During 2023, for example, the Company incurred interest expense and fees related to the ABL Facility of $1.9 million. With the pay-off and termination of the ABL Facility, the Company will have no loan balance outstanding and incur no interest expense under the facility going forw
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News
- Inseego Voluntarily Pays-off and Terminates Asset-Backed Loan Facility to Improve Capital Structure Flexibility and Meaningfully Reduce Financing CostsBusiness Wire
- Inseego Corp. to Report First Quarter 2024 Financial Results on May 9, 2024Business Wire
- Are Computer and Technology Stocks Lagging Inseego (INSG) This Year? [Yahoo! Finance]Yahoo! Finance
- Global $10.3 Bn Commercial Vehicle Telematics Markets 2023-2024 and 2028 with Verizon, Geotab, Trimble, PTC, TomTom, Omnitracs, Masternaut , Microlise, Inseego, and Samsara Dominating [Yahoo! Finance]Yahoo! Finance
- Inseego Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 2/21/24 - Miss
INSG
Sec Filings
- 4/30/24 - Form 10-K/A
- 4/18/24 - Form 8-K
- 2/22/24 - Form 10-K
- INSG's page on the SEC website