InvestorNewsBreaks – Genasys Inc. (NASDAQ: GNSS) Secures $15M Two-Year Senior Secured Term Loan
Genasys (NASDAQ: GNSS), the leader in protective communications solutions, recently closed a $15 million two-year senior secured term loan with an institutional investor. The institutional investor is experienced in government contracts and specifically conducting business in Puerto Rico and with Genasys’ customer there, PREPA. The announcement noted that proceeds from the financing will be used for working capital and other general corporate purposes, enabling continuing…