NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB)
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Posted On: 01/23/2025 3:02:47 PM
NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Reduces Debt Through Premium Share Issuance and Amended Terms
SuperCom (NASDAQ: SPCB) announced the issuance of 100,000 ordinary shares at $43.74 per share, a significant premium to the market price, to pay down $4.374 million in debt as part of an amendment with its senior lender. The amendment extends the debt maturity to Dec. 31, 2028, eliminates monthly interest and amortization payments, and allows interest to accrue until maturity, enhancing the company’s financial flexibility. This paydown completes a 32% reduction in total debt over the past year, freeing cash flow to support SuperCom’s global growth strategies. CEO Ordan Trabelsi highlighted the company’s recent successes, including expanding into six new U.S. states, positioning SuperCom for long-term growth and stakeholder value creation.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
SuperCom (NASDAQ: SPCB) announced the issuance of 100,000 ordinary shares at $43.74 per share, a significant premium to the market price, to pay down $4.374 million in debt as part of an amendment with its senior lender. The amendment extends the debt maturity to Dec. 31, 2028, eliminates monthly interest and amortization payments, and allows interest to accrue until maturity, enhancing the company’s financial flexibility. This paydown completes a 32% reduction in total debt over the past year, freeing cash flow to support SuperCom’s global growth strategies. CEO Ordan Trabelsi highlighted the company’s recent successes, including expanding into six new U.S. states, positioning SuperCom for long-term growth and stakeholder value creation.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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