Emcore (EMKR) has issued an update.
EMCORE Corporation has taken a significant financial step by prepaying approximately $9.3 million to settle all outstanding debts under a specific Credit Agreement from August 2022. This repayment not only covers the principal and interest but also includes a prepayment premium and related expenses. With this move, the company has satisfied all obligations under the agreement, which initially included both a revolving credit and a term loan facility. Consequently, this action terminates the Credit Agreement and all associated documents, freeing EMCORE from any further loan commitments under this arrangement.
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