Tecogen Inc. Announces Early Repayment of Promissory Notes, Eliminating Outstanding Debt and Saving Interest Charges
Tecogen Inc., a Delaware corporation, has announced the prepayment of two promissory notes totaling $1 million, issued in favor of John N. Hatsopoulos, a director of the company. The notes, originally due to mature on July 31, 2026, were prepaid on September 3 and 4, 2025. The prepayment included aggregate interest of $76,955.62, bringing the total payment to $1,076,955.62. This strategic financial move eliminates the company's outstanding debt and avoids approximately $46,159 in future interest charges.
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