March 12, 2018 / 11:42 PM / 9 months ago

BRIEF-Cynergistek Makes Advance Payment Of Bank Debt

March 12 (Reuters) - Cynergistek Inc:

* CYNERGISTEK MAKES ADVANCE PAYMENT OF BANK DEBT AND NEGOTIATES NEW FINANCING WITH BMO HARRIS BANK

* ‍COMMENSURATE WITH THIS RESTRUCTURING, MICHAEL HERNANDEZ HAS RESIGNED AS COO OF CYNERGISTEK EFFECTIVE MARCH 12​

* CYNERGISTEK -‍RESTRUCTURING INCLUDED PAYING OFF CO’S AVIDBANK TERM LOAN

* CYNERGISTEK -‍RESTRUCTURING INCLUDED 75 PERCENT OF AMOUNT DUE PURSUANT TO PROMISSORY NOTES FROM JAN 2017 ACQUISITION OF CYNERGISTEK​ Source text for Eikon: Further company coverage:

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