Better Choice Company Settles Litigation With Alphia, Retires $5M In Senior Secured Debt And $0.4M In Accrued Interest; Retires 335,640 Warrants With $11.44 Strike Price; Enters Agreement To Eliminate $5M Of Other Indebtedness With Potential $2.7M Savings If Paid Within 90 Days
Portfolio Pulse from Benzinga Newsdesk
Better Choice Company has settled litigation with Alphia, retired $5M in senior secured debt and $0.4M in accrued interest, and retired 335,640 warrants with an $11.44 strike price. The company also entered an agreement to eliminate $5M of other indebtedness with potential $2.7M savings if paid within 90 days.
June 20, 2024 | 2:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Better Choice Company has settled litigation with Alphia, retired $5M in senior secured debt and $0.4M in accrued interest, and retired 335,640 warrants with an $11.44 strike price. The company also entered an agreement to eliminate $5M of other indebtedness with potential $2.7M savings if paid within 90 days.
The settlement of litigation and the retirement of significant debt and warrants are positive financial moves for Better Choice Company. These actions reduce liabilities and potential future expenses, improving the company's financial health. The agreement to eliminate additional indebtedness with potential savings further strengthens the company's balance sheet.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100