CYRN - Cyren repays $10M of convertible notes reducing it's debt balance by 52%

Cyren (NASDAQ:CYRN) repays in full the outstanding principal amount of $10M, along with accrued interest, on unsecured convertible notes issued in December 2018 with a maturity date of December 5, 2021. The debt payment was funded with cash on hand. The company reduced its debt balance by 52%, from approximately $19M to $9M and strengthened its balance sheet.

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Cyren repays $10M of convertible notes reducing it's debt balance by 52%