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home / news releases / PSYC - PSYC strengthens balance sheet with reduced interest on notes

PSYC - PSYC strengthens balance sheet with reduced interest on notes

Global Trac Solutions Inc
  • PSYC ( OTCPK:PSYC ) announced the consolidation of 49 previously issued convertible debentures.
  • The debentures were issued between January 2019 and December 2021.
  • According to the agreement, the interest rate on the Debentures has been lowered to 7% from 10%.
  • The lower interest rate will reduce the total amount of capital that is owed to holders of the debentures and presents the opportunity to strengthen the balance sheet.

For further details see:

PSYC strengthens balance sheet with reduced interest on notes
Stock Information
Company Name: Global Trac Solutions Inc
Stock Symbol: PSYC
Market: OTC
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