Core Viewpoint - SuperCom has successfully amended its debt agreement with a senior lender, allowing for the issuance of shares and a significant reduction in outstanding debt, which will enhance the company's financial flexibility and support its growth strategy [1][2][3][4]. Group 1: Financial Actions - The company issued 100,000 ordinary shares at a price of 4.374 million to pay down outstanding debt [1]. - The debt maturity date has been extended to December 31, 2028, and monthly cash interest and amortization payments are no longer required, with interest accruing until maturity [2]. - The recent debt paydown represents a 32% reduction in SuperCom's total outstanding debt over the past year [3]. Group 2: Strategic Growth - The financial amendments are expected to provide additional free cash flow for SuperCom's growth strategies over the next four years [3]. - The company has recently won over 15 national projects in Europe and expanded into six new states in the U.S. since summer 2024, positioning itself to capitalize on high-return investment opportunities [4]. - The CEO emphasized that the favorable terms secured will better equip the company to achieve long-term growth objectives and drive value for stakeholders [4].
SuperCom Issues Shares at Price of $43.7 per Share, Significant Premium to Market, to Pay $4.37 Million of Outstanding Debt