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Ebix debt extension ?3

10:03 22-Feb-23


Ebix has extended its debt maturity to May 23rd.  In the process it has paid down $5M of principal and increased the annualized interest rate by 1%.  I don't see anything especially good here, but EBIX is back up more than 10% in response to trade with significant volatility in the high teens.  Of course the CEO makes vague pronouncements about working on strategic steps.  I wonder why he's still in that role at all.