Safe Harbor Financial Announces Temporary Pause in Principal Payments and Ongoing Discussions to Modify Promissory Note with PCCU
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Safe Harbor Financial has announced a temporary pause in principal payments on its promissory note with PCCU, as both parties discuss modifying the credit facility. This pause will last for two months, during which Safe Harbor plans to make growth investments.
February 03, 2025 | 12:45 pm
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Safe Harbor Financial has paused principal payments on its promissory note with PCCU for two months to discuss new terms. This move allows Safe Harbor to focus on growth investments.
The pause in principal payments provides Safe Harbor Financial with the opportunity to allocate resources towards growth investments. However, the impact on the stock price is neutral in the short term as the outcome of the discussions with PCCU is uncertain.
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