Genasys Inc. Announces Repayment of Unsecured Term Loan
Business Wire•28/10/2026•09:00 ET
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Key Highlights
- ➤Genasys repaid $4.3 million unsecured term loan in full October 23, 2026
- ➤Genasys has no remaining obligations under the unsecured loan
- ➤Genasys made first monthly amortization payment on secured term loan October 1
- ➤Genasys expects to repay secured term loan on schedule
Expert Statements
Cassandra Monteon, Chief Financial Officer of Genasys
“The repayment of the unsecured term loan strengthens our balance sheet and permits us to focus our loan servicing efforts on our secured term loan, under which we made our first monthly amortization payment on October 1”
Cassandra Monteon, Chief Financial Officer of Genasys
“Repaying the unsecured loan in full is an important milestone. Looking ahead, we expect to repay the secured term loan on schedule and remain focused on disciplined execution and further strengthening our financial position.”
Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications (®), today announced that it has repaid in full its unsecured term loan from Maran Partners Fund, LP. Genasys made the final payment of remaining principal and accrued interest on October 23, 2026.
Genasys originally borrowed $4.3 million from Maran Partners on June 9, 2026, and made a partial repayment when the loan was amended on September 14, 2026. With the October 23 payment, Genasys has no remaining obligations under the loan.
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