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Inseego Corp. (NASDAQ:INSG) (the "Company"), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced that it has completed a major milestone in its overhaul of the Company's capital structure by paying-off the remaining balance of approximately $15 million on its 3.25% convertible notes due 2025 (the "2025 Convertible Notes").
After the pay-off of the 2025 Convertible Notes, the Company has outstanding debt of approximately $40.9 million in principal amount of its new senior 9.0% secured notes due in 2029 (the "New Senior Secured Notes").
Posted In: INSG
