MediaValet Announces $2M Repayment and Modification of Senior Secured Debentures
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Vancouver, BC – June 29th, 2020 – MediaValet Inc. (TSX-V: MVP) (“MediaValet” or the “Company”), a leading provider of enterprise digital asset management ("DAM") and creative operations software is pleased to announce partial repayment and modification of its senior secured debentures.
MediaValet has previously issued $3,000,000 of senior secured debentures, of which repayment of $2,000,000 is scheduled to occur on June 30th, 2020. Effective July 1st, 2020, the terms of the remaining $1,000,000 will be modified to reduce the interest rate to 6% (previously 7%), and to extend the maturity date to November 7, 2023 (previously November 7, 2021).
About MediaValet Inc.
MediaValet stands at the forefront of the enterprise, cloud-based digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available within 140 countries across 54 Microsoft data center regions around the world, MediaValet delivers unparalleled enterprise-class security, reliability, redundancy and scalability while offering the largest global footprint of any DAM solution. In addition to providing all core enterprise DAM capabilities, local desktop-to-server support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress, Hootsuite and many other best-in-class 3rd party applications.