Stewards gets until January 15, 2027, and avoids default interest before then. But it missed the payment, still owes $1.6 million, and adds $40,000 in interest, making the debt problem the stronger signal.
The extension stops the 15% default interest rate from applying until January 15, 2027. But Stewards still has not paid the final installment, and the debt remains due. That repayment problem outweighs the temporary relief.
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