Domo Amends Existing Debt Facility; Debt To Mature In August 2028
Portfolio Pulse from Benzinga Newsdesk
Domo has amended its existing debt facility, extending the maturity to August 2028 and reducing both the interest rate and annual cash interest cost.
August 19, 2024 | 8:11 pm
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POSITIVE IMPACT
Domo has successfully amended its debt facility, extending the maturity to August 2028 and reducing interest rates and annual cash interest costs. This move could improve the company's financial stability and reduce financial pressure.
The extension of the debt maturity to 2028 and reduction in interest rates and costs are positive financial moves for Domo. These changes can lead to improved cash flow and reduced financial pressure, which are beneficial for the company's financial health and could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100