QualityStocksNewsBreaks – ISW Holdings Inc. (ISWH) Announces Agreement with Noteholders to Reduce Debt
ISW Holdings (OTC: ISWH), a global brand management holdings company, has reached an agreement with its largest noteholders to exchange approximately 50% of its current convertible debt for restricted preferred equity. The agreement eliminates a significant portion of the dilution potential from convertible debentures currently carried by ISW Holdings. The agreement calls for ISWH and its largest noteholder to exchange principal and interest with an aggregate value of $602K for restricted Preferred B equity. The move reduces total debt for ISWH and curtails dilution potential over the coming months and years. The agreement forms the basic template ISW Holdings intends…