ImmuCell Announces Refinancing of its Bank Debt
ImmuCell Corporation (ICCC)
US:NASDAQ Investor Relations:
immucell.com/investors
Company Research
Source: GlobeNewswire
PORTLAND, Maine, March 11, 2020 (GLOBE NEWSWIRE) -- ImmuCell Corporation (Nasdaq: ICCC) (“ImmuCell” or the “Company”), a growing animal health company that develops, manufactures and markets scientifically-proven and practical products that improve the health and productivity of dairy and beef cattle, today announced a complete refinancing of its bank debt. The Company closed on an $8.6 million debt refinancing package with Gorham Savings Bank comprised of three components. The first is a ten-year $5.1 million mortgage note bearing interest at a fixed rate of 3.50% per annum with monthly principal and interest payments due based on a twenty-five-year amortization schedule. The second component is a seven-year $3.5 million note bearing interest at a fixed rate of 3.50% per annum with monthly principal and interest payments due based on a seven-year amortization schedule. The proceeds were used to provide some additional working capital but mostly to refinance $8.3 million in outs
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- Zacks Initiates Coverage of ImmuCell With Neutral Recommendation [Yahoo! Finance]Yahoo! Finance
- ImmuCell Q3 Earnings Decline Y/Y, Sales Grow Amid Margin Challenges [Yahoo! Finance]Yahoo! Finance
- ImmuCell Third Quarter 2024 Earnings: US$0.086 loss per share (vs US$0.12 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- ImmuCell Announces Unaudited Financial Results for the Quarter Ended September 30, 2024GlobeNewswire
- ImmuCell to Announce Unaudited Financial Results for the Quarter Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
ICCC
Sec Filings
- 12/9/24 - Form 8-K
- 12/2/24 - Form 8-K
- 11/13/24 - Form 10-Q
- ICCC's page on the SEC website