Genasys extends $15.2 million term loan maturity to July 2027
GNSS•Term loan maturity extended
Genasys closed a Third Amendment to its Term Loan and Security Agreement, extending the maturity to July 13, 2027.
- Term loan initial principal amount USD 15.2 million; interest rate held at three-month SOFR + 5%.
- Amendment adds a 20% minimum MOIC; requires monthly USD 1 million amortization payments starting Oct. 1, 2026.
- Structure shifts from quarterly interest with a balloon payment to scheduled monthly payments to support liquidity.
