Brief: La Rosa Holdings Announces Debt Restructuring Conversion Rights Halted And Principal & Interest Payments Deferred Until February 2025

Stratum Holdings

26/09/2024 13:50

Sept 26 (Reuters) - La Rosa Holdings  LRHC.O :
    * LA ROSA HOLDINGS ANNOUNCES DEBT RESTRUCTURING; CONVERSION
RIGHTS
HALTED AND PRINCIPAL & INTEREST PAYMENTS DEFERRED UNTIL FEBRUARY
2025
    * LA ROSA HOLDINGS - REAFFIRMS TARGET OF $100 MILLION
ANNUALIZED
REVENUE EXIT RUN RATE FOR 2024, WITH PROFITABILITY EXPECTED IN
2025
    * LA ROSA HOLDINGS - RESTRUCTURING BENEFITS FINANCIAL
POSITION AND
REDUCES DEBT UNDER NOTES BY APPROXIMATELY 9.5%
    * LA ROSA HOLDINGS: WITHIN NEXT 6 MONTHS, EXPECTS TO BE IN
SIGNIFICANTLY STRONGER POSITION

Source text for Eikon:  ID:nGNXbsK1 
Further company coverage:  LRHC.O 

 ((Reuters.Briefs@thomsonreuters.com;))