CorEnergy Utilizes Grace Period to Defer Interest Payment

CorEnergy (CORR) has released an update.

Facing a financial decision point, a company opted to defer a $3.5 million interest payment due on February 15, 2024, for its 5.875% Convertible Senior Notes maturing in 2025. They are utilizing a 30-day grace period provided by the governing indenture, during which they can still make the payment to avoid an official default.

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