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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.
See more data about EMKR stock on TipRanks’ Stock Analysis page.
