Myers Industries (MYE) has released an update to notify the public and investors about a termination of a material definitive agreement.
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On February 6, 2024, a company made an early repayment of $12 million, clearing all debt obligations under its 5.45% Senior Notes, Series D, due in 2026. This decisive financial move fully settled the notes issued back in 2013 and also brought an end to the associated Note Purchase Agreement, save for the terms that continue post-termination. This action has effectively freed the company and its subsidiary guarantors from any further liabilities under this agreement.
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For a comprehensive understanding of the announcement, you can read the full document here.
