Montrose Environmental Group Inc. Completes Full Redemption of Series A-2 Preferred Stock, Strengthening Balance Sheet and Enhancing Shareholder Value

Reuters

Jul 07, 2025

<a href="https://laohu8.com/S/MEG">Montrose Environmental Group</a> Inc. Completes Full Redemption of Series A-2 Preferred Stock, Strengthening Balance Sheet and Enhancing Shareholder Value

Montrose Environmental Group Inc. announced the full redemption of its Series A-2 Preferred Stock as of July 1, 2025. The company utilized cash on hand and borrowings from its 2025 Credit Facility to redeem the outstanding stated value of $62.2 million and to settle $1.4 million in accrued and unpaid dividends. Montrose's CEO, Vijay Manthripragada, highlighted the move as part of a strategy to minimize shareholder dilution and simplify the company's balance sheet. This redemption eliminates Oaktree Capital's remaining shares and their right to appoint a board member, positioning Montrose for future growth and enhanced shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Montrose Environmental Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250707695252) on July 07, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Completes Full Redemption of Series A-2 Preferred Stock, Strengthening Balance Sheet and Enhancing Shareholder Value","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MEG\">Montrose Environmental Group</a> Inc. Completes Full Redemption of Series A-2 Preferred Stock, Strengthening Balance Sheet and Enhancing Shareholder Value\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Montrose Environmental Group Inc. announced the full redemption of its Series A-2 Preferred Stock as of July 1, 2025. The company utilized cash on hand and borrowings from its 2025 Credit Facility to redeem the outstanding stated value of $62.2 million and to settle $1.4 million in accrued and unpaid dividends. 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Completes Full Redemption of Series A-2 Preferred Stock, Strengthening Balance Sheet and Enhancing Shareholder Value\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Montrose Environmental Group Inc. announced the full redemption of its Series A-2 Preferred Stock as of July 1, 2025. The company utilized cash on hand and borrowings from its 2025 Credit Facility to redeem the outstanding stated value of $62.2 million and to settle $1.4 million in accrued and unpaid dividends. Montrose's CEO, Vijay Manthripragada, highlighted the move as part of a strategy to minimize shareholder dilution and simplify the company's balance sheet. 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