Montrose Environmental Group announced on July 7, 2025, that it fully redeemed all remaining issued and outstanding shares of Series A-2 Preferred Stock on July 1, 2025. The redemption involved $62.2 million in stated value of Series A-2 Preferred Stock and an additional $1.4 million in accrued and unpaid dividends.
The company funded this redemption using a combination of cash on hand and borrowings under its 2025 Credit Facility. Following this transaction, no shares of the A-2 Preferred Stock remain outstanding, and Oaktree Capital, the previous holder, no longer has the right to appoint a member to Montrose's Board of Directors.
CEO Vijay Manthripragada stated that this action minimizes dilution to stockholders and simplifies the balance sheet almost a year ahead of original expectations. This move reflects the continued strength of Montrose's operating performance and its commitment to maximizing shareholder returns while maintaining flexibility for future growth investments.
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