Brief: Greenwave Technology Solutions Successfully Restructures Debt To Facilitate Continued Growth

Greenwave Technology Solutions

19/03/2024 11:31

March 19 (Reuters) - Greenwave Technology Solutions Inc
 GWAV.O :
    * GREENWAVE TECHNOLOGY SOLUTIONS SUCCESSFULLY RESTRUCTURES
DEBT TO
FACILITATE CONTINUED GROWTH
    * GREENWAVE TECHNOLOGY SOLUTIONS INC - COMPANY INTENDS TO
UTILIZE
ADDITIONAL CASHFLOW TO AGGRESSIVELY GROW OPERATIONS
    * GREENWAVE TECHNOLOGY SOLUTIONS INC - COMPANY NOT REQUIRED
TO
MAKE CASH PAYMENTS ON SENIOR SECURED NOTES UNTIL JULY 31, 2024
    * GREENWAVE TECHNOLOGY SOLUTIONS INC - QUARTERLY-CASH
COVENANTS
WAIVED UNTIL SEPTEMBER 30, 2024
    * GREENWAVE TECHNOLOGY SOLUTIONS INC:  SENIOR SECURED NOTE
HOLDERS
WAIVED MONTHLY AMORTIZATION PAYMENTS UNTIL JULY 31, 2024.
    * GREENWAVE TECHNOLOGY SOLUTIONS INC: EXPECTS TO GENERATE
RECORD
REVENUES BASED UPON A RECORD VOLUME OF STEEL PROCESSED THUS FAR
IN 2024
    * GREENWAVE TECHNOLOGY SOLUTIONS INC -EXPECTS TO UTILIZE
ADDITIONAL CASHFLOWS FROM RESTRUCTURING ITS DEBT TO GROW ITS
OPERATIONS
    * GREENWAVE TECHNOLOGY SOLUTIONS INC - BY SHREDDING STEEL
CURRENTLY SOLD UNSHREDDED, SEES TO BE ABLE TO GENERATE ABOUT 30%
MORE REVENUE

Source text for Eikon:  ID:nPn5NZP3Ca 
Further company coverage:  GWAV.O 

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