Market News / Story
FatPipe, Inc. (FATN) Refinances Debt, Cuts Rate ~110 bps
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FatPipe, Inc. refinanced its Fortis Bank SBA loan with a $4.5M secured term loan from KeyBank and added a $1.5M secured revolver. The new loans bear adjusted daily SOFR +3.00%, an approximately 110 bps rate reduction vs the prior Prime +1.00% facility. Material Details #DetailAI Analyst View1$4.5M secured term loan via KeyBankRefinances prior debt and extends maturity to Oct 2029, improving liquidity visibility.2Rate cut ~110 bps vs prior facilityLowers interest…