Intermap extends debt agreement with lenders

Intermap extends debt agreement with lenders

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US: Intermap Technologies Corporation has announced that the company has entered into amending agreements with its senior lenders, pursuant to which the maturity dates of certain promissory notes were extended for a period of ninety days.

“We are pleased to report the signing of debt extensions with our senior lenders”, said Todd Oseth, President and CEO of Intermap Technologies. “Coincident with the signing of the SDI contract and other business developments, we are working towards the refinancing of the company”s debt obligations on more favorable terms and the simplification of the capital structure in general.”

Source: PRN