The ew te m loa bea s i te est at adjusted daily SOFR plus 3.00%, compa ed with P ime Rate plus 1.00% u de the p evious facility. Based o be chma k ates at the time of efi a ci g, this ep ese ts a app oximately 110 basis poi t eductio i the Compa y’s a ual bo owi g ate. Actual i te est savi gs will va y with be chma k ates a d outsta di g p i cipal bala ces.
The te m loa matu es i Octobe 2029. The evolvi g li e of c edit matu es i Septembe 2027 a d bea s i te est at adjusted daily SOFR plus 3.00%.
FatPipe, I c. pio ee ed the co cept of softwa e-defi ed wide a ea etwo ki g (SD-WAN) a d hyb id WANs that elimi ate the eed fo coope atio f om ISPs a d allow e te p ises a d se vice p ovide s to co t ol multi-li k etwo k t affic. FatPipe offe s a si gle-stack etwo ki g a d cybe secu ity platfo m backed by 13 U.S. pate ts elated to multipath a d softwa e-defi ed etwo ki g. FatPipe p oducts a e sold th ough mo e tha 200 eselle s wo ldwide.
Fo mo e i fo matio , please visit FatPipe’s website.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of applicable secu ities laws. Fo wa d-looki g stateme ts i clude stateme ts ega di g the Compa y’s g owth st ategy, fi a cial st ategy, pote tial acquisitio s, st ategic oppo tu ities, ecu i g eve ue a d expectatio s ega di g futu e pe fo ma ce. These stateme ts a e based o ma ageme t’s cu e t expectatio s a d a e subject to isks, u ce tai ties a d assumptio s that could cause actual esults to diffe mate ially f om those exp essed o implied by such stateme ts.
These isks a d u ce tai ties i clude those desc ibed i FatPipe’s fili gs with the U.S. Secu ities a d Excha ge Commissio , i cludi g its most ece t A ual Repo t o Fo m 10-K a d subseque t Qua te ly Repo ts o Fo m 10-Q. Fo wa d-looki g stateme ts speak o ly as of the date of this p ess elease, a d FatPipe u de takes o obligatio to update o evise such stateme ts except as equi ed by law.
Vik a t RagulaV.P. of Co p Dev a d I vesto Relatio sFatPipe, I c.+1 801.683-5656 x 1140
