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DPW Holdings announces elimination of USD2m debt.

Global Banking News-August 29, 2019-DPW Holdings announces elimination of USD2m debt

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DPW Holdings Inc (NYSE American:DPW) revealed on Wednesday that it has eliminated debt totalling approximately USD2m in two separate exchange agreements with two creditors.

Also, the company in early July 2019 restructured debt by issuing a new convertible debt in the principal amount of about USD2.7m. During 2019, the principal amount of debt that it has either eliminated or restructured exceeds USD14.8m, it said.

A diversified holding company, DPW acquires undervalued businesses and disruptive technologies with a global impact. It provides mission-critical products that support a diverse range of industries through its wholly owned subsidiaries and strategic investments.

The company also owns a portfolio of commercial hospitality properties and extends credit to selected entrepreneurial businesses through a licensed lending subsidiary. It is headquartered in Newport Beach, California, USA.

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Publication:Global Banking News (GBN)
Date:Aug 29, 2019
Words:158
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