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Vandana Singh

EXCLUSIVE: Envoy Medical Retires $32 Million Debt, Glen Taylor Steps Down From Board After Two Decades

Glen Taylor United States

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Envoy Medical Inc. (NASDAQ:COCH) on Tuesday announced it has satisfied and extinguished the outstanding term loans from GAT Funding, LLC totaling $32 million in outstanding principal and accrued interest, in exchange for a payment of $100,000 in cash.

GAT Funding is owned by Glen A. Taylor, who also announced his retirement from the Envoy Medical board after two decades of service to the company.

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