Kontrol Technologies Strengthens Financial Position

Kontrol Technologies Corp. (TSE:KNR) has released an update.

Kontrol Technologies Corp., a Canadian company specializing in smart building and city technologies, has successfully amended its credit agreement, reducing its secured debt from $15 million to approximately $3.7 million and exiting forbearance. This financial milestone, achieved through strategic debt reduction, has strengthened the firm’s balance sheet and positions it for future growth. As a result of these developments, the company’s long-term debt will now be reclassified on its balance sheet for 2024.

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