Emergent Capital Redeems Unsecured Convertible Notes (8/28/19)
On August 28, 2019, Emergent Capital, Inc. (the "Company") paid off the outstanding principal and accrued interest on its 8.5% senior unsecured convertible notes due 2019 (the “8.5% Convertible Notes”), consisting of $1,194,000.00 in principal, $105,154.92 in accrued and unpaid interest and $38,062.43 in administrative fees and expenses. The 8.5% Convertible Notes matured on February 15, 2019. Upon the payoff described herein, the 8.5% Convertible Notes were extinguished.
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