Loan & DebtSep 15, 2026, 06:07 AM
CaliberCos Inc. Restructures $12.6M in Debt via Note Exchange and Payoff Options
AI Summary
CaliberCos Inc. announced a note exchange program where holders of certain unsecured promissory notes can convert them into new amortizing notes, Series AAA Convertible Preferred Stock, or enter into a payoff option agreement. As of September 14, 2026, the company has converted $12.6 million of indebtedness, including $2.9 million into new notes, $0.6 million into preferred stock, and $9.1 million into payoff options. The company also completed the refinancing of approximately $3.4 million of corporate promissory notes and secured the right to retire an additional $9.1 million at a discount, addressing a significant portion of notes maturing within twelve months.
Key Highlights
- CaliberCos Inc. launched a note exchange program to convert outstanding promissory notes.
- Approximately $2.9 million in notes were converted into new amortizing notes with 6% interest.
- Approximately $0.6 million in notes were converted into Series AAA Convertible Preferred Stock.
- Agreements were executed to potentially retire $9.1 million of notes for $7.3 million cash within six months.
- The program addresses approximately $12.5 million of corporate notes maturing within twelve months.
- The company expects to reduce annual interest expense by approximately $1.3 million if payoff options are exercised.
Price Impact
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