Reliance Global Group Retires All Term Debt as Balance Sheet Strengthens
Reliance Global Group has fully repaid its Oak Street Funding term loan with proceeds from recent sales of assets and existing collateral. The transaction eliminates approximately $1 million in annual debt costs and leaves the company holding over $6 million in cash.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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