tiprankstipranks
FLINT Corp. Optimizes Cash Flow with Debentures
Company Announcements

FLINT Corp. Optimizes Cash Flow with Debentures

ClearStream Energy (TSE:FLNT) has released an update.

Invest with Confidence:

FLINT Corp. has reached an agreement with Canso Investment Counsel Ltd. to issue additional Senior Secured Debentures instead of cash to cover interest payments due June 30, 2024. This strategic move, known as the Payment in Kind Transaction, will allow FLINT to conserve cash for operational needs and uphold its financial commitments, while the overall debt will stand at approximately $135.3 million post-transaction.

For further insights into TSE:FLNT stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles