La Rosa Holdings Announces Debt Restructuring; Conversion Rights Halted and Principal & Interest Payments Deferred Until February 2025
La Rosa Holding Company (LRHC)
Company Research
Source: GlobeNewswire
Restructuring benefits financial position and reduces debt under the notes by approximately 9.5% Reaffirms target of $100 million annualized revenue exit run rate for 2024, with profitability expected in 2025 Celebration, FL, Sept. 26, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has entered into an amendment with its noteholder to restructure debt under three outstanding notes issued to the holder in February, April, and July 2024. As part of the amendment, the Company agreed to repay to the holder $200,000 of the debt under the notes, and all principal and interest payments under the notes have been deferred until February 1, 2025. Starting February 1, 2025, the Company will pay monthly payments to the holder, which shall be first applied to the July note until it is repaid in the
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LRHC
News
- La Rosa Holdings Reports 155% Year-Over-Year Increase in Revenue to $51.7 Million for the First 9 Months of 2024; Surpassing Initial Revenue Guidance by Approximately $6.7 Million [Yahoo! Finance]Yahoo! Finance
- La Rosa Holdings Reports 155% Year-Over-Year Increase in Revenue to $51.7 Million for the First 9 Months of 2024; Surpassing Initial Revenue Guidance by Approximately $6.7 MillionGlobeNewswire
- La Rosa Holdings Corp. Acquires 100% Ownership of La Rosa Realty Premier Franchisee with Approx. $2.09 Million in Revenue and Positive Net Income for 2023GlobeNewswire
- La Rosa Holdings to Unveil Proprietary Technology Advancements at Growth Summit 2024GlobeNewswire
- La Rosa Holdings Reports Preliminary 9-Month Revenue for 2024 of Approximately $45 Million, Reflecting 120% Year-Over-Year GrowthGlobeNewswire
LRHC
Sec Filings
- 11/19/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form NT
- LRHC's page on the SEC website