ConnectM Completes $6.2M Debt-to-Equity Conversion, Eliminating $13.7M Total Debt And Reducing Annual Interest Expense By Over $2M To Enhance Free Cash Flow And Growth
Portfolio Pulse from Benzinga Newsdesk
ConnectM has completed a $6.2 million debt-to-equity conversion, eliminating a total of $13.7 million in debt and reducing annual interest expenses by over $2 million. This move is expected to enhance free cash flow and support growth.
September 26, 2024 | 12:35 pm
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ConnectM's $6.2M debt-to-equity conversion eliminates $13.7M in debt, reducing annual interest expenses by over $2M. This strategic move is set to enhance free cash flow and support growth.
The debt-to-equity conversion significantly reduces ConnectM's debt burden and interest expenses, improving its financial health. This enhances free cash flow, providing more resources for growth initiatives, likely positively impacting the stock price.
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