First Guaranty Bancshares Inc. has announced modifications to its payment terms for outstanding debts, including options for interest payments and principal repayments. The amendments allow the company to make interest payments in either cash or shares of its common stock. For the period between June 30, 2025, and March 31, 2026, the company has the option to convert interest payments into shares of common stock based on the then-applicable interest rate divided by the consolidated closing bid price per share. Additionally, for four consecutive quarters beginning June 30, 2025, the company will waive principal payments on certain notes. This strategic move aims to provide flexibility in managing cash flows and optimizing capital structure.
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