MMA Capital Holdings Announces the Prepayment of the MTA Note
MMA Capital Mgmt, LLC (MMAC)
US:NASDAQ Investor Relations:
mmacapitalmanagement.com
Company Research
Source: PR Newswire
BALTIMORE, Jan. 7, 2020 /PRNewswire/ -- MMA Capital Holdings, Inc. (Nasdaq: MMAC) ("MMA Capital" or the "Company") today announced the repayment of financing which the Company provided to affiliates of Hunt Investment Management, LLC (collectively, "Hunt"), its external manager, on January 8, 2018, in connection with the sale of various businesses and assets (the "MTA Note"), which was further amended on December 20, 2019. Specifically, on January 3, 2020, Hunt made a $53.6 million prepayment of principal and interest on the MTA Note and, in connection with this prepayment, the MTA Note was terminated. Michael Falcone, MMA Capital's Chief Executive Officer stated, "In continuation of the previously announced transactions entered into in December, we are pleased to announce the full repayment and termination of the MTA Note. The repayment creates financial flexibility for the Company as we manage our capital requirements and seek to maximize shareholder value."About MMACMMA Capital
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