NameSilo Technologies Corp. Repays Outstanding Loan
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) has repaid its outstanding loan of $3.9 million ahead of the October 28, 2024 maturity date. The repayment was primarily funded through free cash flow generated from the NameSilo business and a one-year loan of $1.5 million from Pathfinder Partners' Fund. CEO Paul Andreola highlighted that NameSilo's strong cash flow has enabled the company to grow operations, fund technology growth companies, and reduce debt. The new $1.5 million loan from Pathfinder bears 8% annual interest, is due in one year, and is secured against the company's personal property. With reduced debt, NameSilo plans to focus on revenue growth and strategic investments.
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) ha restituito il suo prestito residuo di 3,9 milioni di dollari prima della scadenza del 28 ottobre 2024. Il rimborso è stato principalmente finanziato attraverso il flusso di cassa libero generato dall'attività di NameSilo e da un prestito di un anno di 1,5 milioni di dollari dal fondo Pathfinder Partners. Il CEO Paul Andreola ha sottolineato che il forte flusso di cassa di NameSilo ha permesso all'azienda di espandere le operazioni, finanziare aziende tecnologiche in crescita e ridurre il debito. Il nuovo prestito di 1,5 milioni di dollari da Pathfinder ha un interesse annuale dell'8%, scade tra un anno ed è garantito dai beni personali dell'azienda. Con un debito ridotto, NameSilo prevede di concentrarsi sulla crescita dei ricavi e su investimenti strategici.
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) ha reembolsado su préstamo pendiente de 3,9 millones de dólares antes de la fecha de vencimiento del 28 de octubre de 2024. El reembolso se financió principalmente a través de el flujo de caja libre generado por el negocio de NameSilo y un préstamo a un año de 1,5 millones de dólares del fondo Pathfinder Partners. El CEO Paul Andreola destacó que el sólido flujo de caja de NameSilo ha permitido a la empresa expandir sus operaciones, financiar empresas tecnológicas en crecimiento y reducir la deuda. El nuevo préstamo de 1,5 millones de dólares de Pathfinder tiene un interés anual del 8%, vence en un año y está garantizado por los bienes personales de la empresa. Con la deuda reducida, NameSilo planea enfocarse en el crecimiento de ingresos y en inversiones estratégicas.
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF)가 390만 달러의 미지급 대출을 상환했습니다 2024년 10월 28일 만기일 이전에. 이 상환은 주로 NameSilo 비즈니스에서 발생한 자유 현금 흐름을 통해 자금이 지원되었습니다 및 Pathfinder Partners 펀드로부터의 150만 달러의 1년 대출로 지원되었습니다. CEO Paul Andreola는 NameSilo의 강력한 현금 흐름이 회사가 운영을 확장하고 기술 성장 회사를 지원하며 부채를 줄이는 데 도움이 되었다고 강조했습니다. Pathfinder로부터의 새로운 150만 달러 대출은 연 8% 이자를 부과합니다, 1년 후에 만기가 되며 회사의 개인 자산에 담보가 설정되어 있습니다. 부채가 감소함에 따라 NameSilo는 수익 성장과 전략적 투자에 집중할 계획입니다.
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) a remboursé son prêt restant de 3,9 millions de dollars avant la date d'échéance du 28 octobre 2024. Le remboursement a été financé principalement par le flux de trésorerie libre généré par l'activité de NameSilo et un prêt d'un an de 1,5 million de dollars du fonds Pathfinder Partners. Le PDG Paul Andreola a souligné que le solide flux de trésorerie de NameSilo a permis à l'entreprise d'élargir ses opérations, de financer des entreprises technologiques en croissance et de réduire la dette. Le nouveau prêt de 1,5 million de dollars de Pathfinder entraîne un intérêt annuel de 8%, est dû dans un an et est garanti par les biens personnels de l'entreprise. Avec une dette réduite, NameSilo prévoit de se concentrer sur la croissance des revenus et des investissements stratégiques.
NameSilo Technologies Corp. (CSE: URL, OTC: URLOF) hat sein ausstehendes Darlehen von 3,9 Millionen Dollar zurückgezahlt vor dem Fälligkeitstermin am 28. Oktober 2024. Die Rückzahlung wurde hauptsächlich durch den freien Cashflow aus dem NameSilo-Geschäft finanziert und durch ein einjähriges Darlehen von 1,5 Millionen Dollar von Pathfinder Partners' Fund. CEO Paul Andreola hob hervor, dass der starke Cashflow von NameSilo es dem Unternehmen ermöglicht hat, die Operationen zu erweitern, Wachstumsunternehmen im Technologiebereich zu finanzieren und die Verschuldung zu reduzieren. Das neue Darlehen von 1,5 Millionen Dollar von Pathfinder trägt einen jährlichen Zinssatz von 8%, ist in einem Jahr fällig und durch das persönliche Eigentum des Unternehmens gesichert. Mit reduzierter Verschuldung plant NameSilo, sich auf das Umsatzwachstum und strategische Investitionen zu konzentrieren.
- Repayment of $3.9 million loan ahead of maturity date
- Strong free cash flow generation from NameSilo business
- Secured $1.5 million loan from Pathfinder Partners' Fund
- Reduced debt burden on balance sheet
- Plans for continued revenue growth and strategic investments
- New $1.5 million loan with 8% annual interest
- Personal property of the company used as security for the new loan
CSE: URL / OTC: URLOF
Paul Andreola, Chief Executive Officer and director of the Company stated, "Over the last three years, NameSilo's robust cash flow has allowed us to grow our operations, fund a number of technology growth companies and reduce the debt on our balance sheet. We are also grateful that Pathfinder, a key stakeholder of the Company, has shown confidence in the management's vision by making this loan. With the lower debt burden, we intend to continue to pursue revenue growth as well as sourcing strategic investments to add to our significant investment portfolio."
The loan of
About NameSilo Technologies Corp. and NameSilo LLC
NameSilo Technologies Corp. invests its capital in companies and opportunities which management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries excluding the resource and resource service sectors. NameSilo does not invest on behalf of any third party and it does not offer investment advice.
NameSilo LLC is a low-cost provider of domain name registration and management services. As an accredited ICANN registrar, NameSilo is one of the fastest growing domain registrars in the world with approximately 4.67 million active domains under management from approximately 160 countries.
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential future investments by the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements.
NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE NameSilo Technologies Corp.
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