Reliance Global Group Becomes Debt Free Following Retirement of 100% of Its Term Debt
Reliance Global Group, Inc. (EZRA) announced that it has become debt-free following the retirement of 100% of its term debt. The repayment of the Oak Street Funding Term Loan eliminates approximately $1 million in annual principal, interest, and fee payments.
Why it matters — This development removes a significant recurring financial burden for EZRA, improving its balance sheet and reducing ongoing cash outflows.