La Rosa Holdings (LRHC) Announces Debt Restructuring
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La Rosa Holdings Announces Debt Restructuring; Conversion Rights Halted and Principal & Interest Payments Deferred Until February 2025
September 26, 2024 8:45 AM EDTRestructuring benefits financial position and reduces debt under the notes by approximately 9.5%
Reaffirms target of $100 million annualized revenue exit run rate for 2024,
with profitability expected in 2025
Celebration, FL, Sept. 26, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ:Â LRHC) (La Rosa or the Company), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has entered into an amendment with its noteholder to restructure debt under three outstanding notes issued to the holder in February, April, and July 2024. As part of the... More
