DPW reduces debt by $9 million year to date

By Robert S. Johnson

Princeton N.J., April 11 – DPW Holdings Inc. said has cut its debt by about $9 million year to date and continues to work with creditors to decrease its debt and improve its capital structure.

“The company remains dedicated to attaining our stated goals for 2019,” chairman and chief executive officer Milton “Todd” Ault said in a press release.

“During 2018, the cost of our debt resulted in nearly $16 million in cash and non-cash expenses.

“Further, because the majority of our debt is short-term obligations, the reduction in debt service will materially reduce our overall cash requirements for 2019,” he said.

Newport Beach, Calif.-based DPW is a diversified holding company.

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