Genasys extends Maran Partners term loan maturity to Oct. 30 after $800,000 repayment - GNSS News | RalliesGenasys extends Maran Partners term loan maturity to Oct. 30 after $800,000 repayment
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GNSS• Term loan amendment and repayment
- Genasys amended its unsecured term loan with Maran Partners Fund, LP, extending maturity to Oct. 30, 2026 from Sept. 14, 2026.
- The company repaid $800,000 of principal at closing, reducing outstanding principal to $3.5 million.
- Genasys paid an amendment fee of $92,500 at closing.
- The optional prepayment notice period was shortened to three business days from 30 days.
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