Optiva Obtains Shareholder Approval to Remove Cash Interest Restrictions on Debentures – QNT Press Release


TORONTO, July 5, 2022 /CNW/ – Optiva Inc. (“Optima” or the “Company“) (TSX:OPT) announces today that it has obtained the requisite shareholder approval to amend the terms of its outstanding 9.75% secured PIK toggle debentures due 2025 (the “Debentures“) to remove the current restrictions on the aggregate amount of cash interest payable to certain insiders of the Company in respect of the Debentures held by such insiders.

Pursuant to the existing terms of the indenture governing the Debentures, for so long as the Company is subject to the requirements of the TSX Company Manual, the total amount of cash interest paid to EdgePoint …

Full story available on Benzinga.com



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