Brief: Rekor Systems Announces Agreement On Note Exchange
01/07/2020 12:39
July 1 (Reuters) - Rekor Systems Inc REKR.O :
* REKOR SYSTEMS ANNOUNCES AGREEMENT ON NOTE EXCHANGE
* REKOR SYSTEMS ANNOUNCES AGREEMENT ON NOTE EXCHANGE
* REKOR SYSTEMS - REACHED AGREEMENT ON CONSENSUAL
BALANCE-SHEET
RESTRUCTURING WITH ITS LENDERS INVOLVING DEBT-FOR-EQUITY SWAP
AND OTHER LOAN MODIFICATIONS
* REKOR SYSTEMS - TRANSACTION TO HAVE IMMEDIATE IMPACT ON
CO'S
BALANCE SHEET BY EXTENDING MATURITY, REDUCING AMOUNT OF CO'S
OUTSTANDING PROMISSORY NOTES
* REKOR SYSTEMS INC - NOTEHOLDERS HAVE ALSO AGREED THAT
MATURITY
OF $4.9 MILLION REMAINING BALANCE OF NOTES WILL BE EXTENDED
UNTIL DECEMBER 31, 2021
Source text for Eikon: ID:nGNX6YHFWP
Further company coverage: REKR.O
((Reuters.Briefs@thomsonreuters.com;))
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