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Pareteum reports early payoff of senior secured debt

Pareteum Corp. repaid the full payoff of the senior secured debt to its lender Post Road Group.

The move allowed Pareteum to improve its cash flows by removing the security interests of the lender and eliminating the loan, including interest and amortization, before the agreed maturity date, according to a Sept. 26 news release.

The company will use the funds raised for senior debt payoff and working capital.

Pareteum operates a communications cloud services platform in Europe and internationally.