Track Group, Inc. and Conrent Invest S.A., Acting on Behalf of its Compartment, “Safety 2” Enter into an Amendment to the Facility Agreement
January 15, 2020 at 10:05 pm
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On January 10, 2020, Track Group, Inc. (the "Company") and Conrent Invest S.A., acting on behalf of its compartment, “Safety 2” entered into an amendment to the facility agreement originally entered into by and between the parties on December 30, 2013, as amended on February 24, 2019 (the “Amended Facility Agreement”), containing certain provisions of the Company's existing $30.4 million unsecured debt facility. The latest Amended Facility Agreement extends the maturity date from the earlier of either April 1, 2020 or the date upon which the Outstanding Principal Amount, as defined therein, is repaid by the Company, to July 1, 2021 (the “Maturity Date”). The Amended Facility Agreement also extends the repayment date for all accrued interest to the Maturity Date.
Track Group, Inc. designs, manufactures, and markets location tracking devices. The Company develops and sells a range of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include a full-range of one-piece global positioning system (GPS) tracking devices; a device-agnostic operating system, and a portfolio of software applications, including smartphone, alcohol and predictive analytics, and a variety of accessory, service and support offerings. Its products and services are sold through its direct sales force, as well as through value-added resellers. It sells to government customers on the federal, state and local levels in the United States and to members of the Ministry of Justice internationally. The Company's device-agnostic platform and portfolio of integrated and complimentary monitoring-related services help reduce risk and make the administration of justice faster and less expensive for taxpayers.
TRACK GROUP, INC. 
