DPW Holdings Refinances Outstanding Debt
Ault Global Holdings, Inc. (DPW)
NASDAQ:AMEX Investor Relations:
dpwholdings.com
Company Research
Source: Business Wire
Company Continues to Improve Capital Structure for 2019 NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”) announced that the Company has consummated a transaction with its senior lender to refinance its outstanding debt through the issuance of a secured, non-convertible promissory note in the principal amount of $2,900,000 for which it received $2,800,000 in gross proceeds. The Company used the gross proceeds to repay an outstanding convertible promissory note to the lender and used the remainder to extinguish other short-term debt in the aggregate amount of approximately $1,000,000. The Company also stated that it continues to work with certain other of its creditors to decrease its debt and improve its capital structure while moving forward with its growth and profitability objectives for 2019. As stated during its Invest
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